Re: [AI] Please note Finance Bill 2015 benefit for disabled Fwd: Tax Relief To Family Members of Differently Abled

2015-04-27 Thread Amar Jain
Hi Karan, One cannot claim deduction under both the sections, the idea being that section 80DD deduction is only available for those who have one of the disabled person as dependant who is wholly or mainly dependent on the person claiming the deduction under this section. With regard to the

Re: [AI] Please note Finance Bill 2015 benefit for disabled Fwd: Tax Relief To Family Members of Differently Abled

2015-04-26 Thread karan singhania
hello, first of all, thank you so much for this info. just a couple of clarifications required: 1. with respect to the point 1st, what kind of proofs would be required? The point is broad enough to include a lot of expenses, which can't be substantiated with evidences in all cases. 2. is this

Re: [AI] Please note Finance Bill 2015 benefit for disabled Fwd: Tax Relief To Family Members of Differently Abled

2015-04-26 Thread Amiyo Biswas
I can tell you about the second point. S80U is for the taxpayer himself, and s80DD is for his dependent. Expenses for the taxpayer himself will not be elegible for benefit u/s80d as he is already covered u/s80U. Af regards the first point, documented expenses such as bills etc should be

[AI] Please note Finance Bill 2015 benefit for disabled Fwd: Tax Relief To Family Members of Differently Abled

2015-04-25 Thread Vaishnavi Jayakumar
*24-April-2015* *Press Information Bureau * *Government of India* Ministry of Finance Section 80DD of the Income Tax Act, 1961, inter alia, provides for a deduction to an individual or HUF, who is a resident in India, and • Incurs expenditure for the medical treatment (including nursing),