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Tax deductions u/s 80DD is allowed to Individuals and Hindu Undivided Family for medical expense on dependent patients suffering from specified disease like autism, cerebral palsy or multiple disability and suffering from other disease as per Disability Act. Read the procedure of claim of tax deduction u/s 80DD The issue is whether the tax deduction...
The season of tax has arrived. Therefore , there is need for easy chart of all tax deduction u/s 80c to 80U for an Individual taxpayer?Under Income tax , deduction u/s 80C,80CCC, 80D, 80DD,80DDB,80G , 80GG, 80GGA, 80GGC , 80IAB , 80IB , 80IC , 80ID ,80IE , 80JJA , 80QQB ,80RRB , 80U are...
Section 80DD of the Income tax Act provides deduction for medical expense on self and relatives , suffering from specified disease or from disability. Unlike section 80DDB and certain other are relavant provisions , the provision does not put an express condition of proof of expenditure for making claim of deduction. However, most people and mostly...
Section 78 of Direct Tax Code 2010 are equivalent to section 80DD. Section 78 provides deduction for expenditure and insurance on treatment , nursing and maintenance of disable dependant person.
deduction for investment in ULIP taxation : My friend has invested 4 lacs as single premium in unit linked pension plan. If for some reason he surrenders the policy after 5 years ( i.e before the vesting age). On what amount will he have to pay tax. He has not claimed any tax benefit u/ s 80c. Pawan Kumar , Delhi Two
The proposal of Cyprus government to impose a 7.5% tax on all money kept in fixed deposits in the … [Read More...]
The tax deduction u/s 80DDB of the Income Tax Act provides relief to tax payers who are individual … [Read More...]
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