Deduction u/s 80DDB Requires Proof of Expendtiure ,Not For 80DD !

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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...

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How Document Identification Number shall bring transparency in Income Tax Department ?

Minister of state for finance S S Palanimanickaminformed theLok Sabha in a written reply on Friday , 20/08/2010 stated  ”The government proposes to allot the Document Identification Number (DIN)…an income tax authority is required to allot a computer generated DIN on or after July 1, 2011, before issue of every notice, order, letter or any correspondence to...

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8 Answers You Must Know To Claim Deduction For Medical Insurance!

Hello, My question is regarding the Deduction under section 80D for Premium paid on Medical Insurance. I work for an IT company, and the company has a tie up with a health insurance company to provide coverage for me, wife and kids, the premium for which is paid by the company. But I have taken...

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