deduction u/s 80DD OR 80DDB.
This query is : Resolved
28 April 2010
whether the amount of deduction u/s 80DD or 80DDB is allowed per dependent or in aggregrate.
suppose an individual making payment for her mother and for his brother for prescribed ailment under rule 3A.he gives rs.50000 for her mother and gives rs.50000 for his brother.whether the amount of ded. for individual is rs.40000 or rs.80000 u/s 80DDB
Plz help me
suppose an individual making payment for her mother and for his brother for prescribed ailment under rule 3A.he gives rs.50000 for her mother and gives rs.50000 for his brother.whether the amount of ded. for individual is rs.40000 or rs.80000 u/s 80DDB
Plz help me
28 April 2010
deduction is aggregate limit. not for separate person so you can claim maximum of allowable amount only as aggregate
28 April 2010
Agreed
28 April 2010
respected sir,
can u plz provide some reason behind ur reply
can u plz provide some reason behind ur reply
28 April 2010
i am asking just because of clearing my doubt.mr.amir says benefit of deduction can be taken as per dependent.i am in doubt bcoz does not mention clearly in this regard
28 April 2010
dear ravi and ramesh sir
can u plz make me clear that why the benefit of deduction u/s 80DD or 80DDB is limited an aggregrate amount of deduction.
waiting for ur replies,thanks
can u plz make me clear that why the benefit of deduction u/s 80DD or 80DDB is limited an aggregrate amount of deduction.
waiting for ur replies,thanks
28 April 2010
my understanding.no where in the section mentioned deduction amount per dependent. It is mentioned maximum permisable deduction
28 April 2010
The deduction allowed is Rs. 50,000 / Rs. 75,000 depending on the extent of the disability of your dependent.
A deduction of Rs. 50,000 is allowed if you have a disabled dependent. Whereas a deduction of Rs. 75,000 is allowed if your dependent has severe disability.
Remember: this is a lump-sum deduction, and doesn’t depend on the amount that you spend on the disabled dependent.
The income tax that you can save would depend on the tax bracket that you fall into – it can range from Rs. 5,000 to Rs. 15,000 (for Rs. 50,000 deduction) or from Rs. 7,500 to Rs. 22,500 (for Rs. 75,000 deduction).
A deduction of Rs. 50,000 is allowed if you have a disabled dependent. Whereas a deduction of Rs. 75,000 is allowed if your dependent has severe disability.
Remember: this is a lump-sum deduction, and doesn’t depend on the amount that you spend on the disabled dependent.
The income tax that you can save would depend on the tax bracket that you fall into – it can range from Rs. 5,000 to Rs. 15,000 (for Rs. 50,000 deduction) or from Rs. 7,500 to Rs. 22,500 (for Rs. 75,000 deduction).
29 April 2010
thanks dear sir but according to finance act,2009 deduction allowed in case of dependent suffering from several disability now increased to rs.100000.and sir i got clear from the deduction point of view
29 April 2010
circular no,7(dated-3.2.95)
2. The Board has received several representations seeking clarification regarding the quantum of deduction available in relation to the expenditure incurred on the handicapped dependants.
3. It is hereby clarified that the deduction under section 80DD of the Income-tax Act, 1961 is statutory in nature. Therefore, as long as the conditions mentioned in the section are fulfilled, and the assessee has incurred any expenditure on medical treatment, etc., of the handicapped person, the deduction as envisaged in the section will be allowable in full.
2. The Board has received several representations seeking clarification regarding the quantum of deduction available in relation to the expenditure incurred on the handicapped dependants.
3. It is hereby clarified that the deduction under section 80DD of the Income-tax Act, 1961 is statutory in nature. Therefore, as long as the conditions mentioned in the section are fulfilled, and the assessee has incurred any expenditure on medical treatment, etc., of the handicapped person, the deduction as envisaged in the section will be allowable in full.
29 April 2010
circular no,7(dated-3.2.95)
2. The Board has received several representations seeking clarification regarding the quantum of deduction available in relation to the expenditure incurred on the handicapped dependants.
3. It is hereby clarified that the deduction under section 80DD of the Income-tax Act, 1961 is statutory in nature. Therefore, as long as the conditions mentioned in the section are fulfilled, and the assessee has incurred any expenditure on medical treatment, etc., of the handicapped person, the deduction as envisaged in the section will be allowable in full.
2. The Board has received several representations seeking clarification regarding the quantum of deduction available in relation to the expenditure incurred on the handicapped dependants.
3. It is hereby clarified that the deduction under section 80DD of the Income-tax Act, 1961 is statutory in nature. Therefore, as long as the conditions mentioned in the section are fulfilled, and the assessee has incurred any expenditure on medical treatment, etc., of the handicapped person, the deduction as envisaged in the section will be allowable in full.
29 April 2010
circular no,7(dated-3.2.95)
2. The Board has received several representations seeking clarification regarding the quantum of deduction available in relation to the expenditure incurred on the handicapped dependants.
3. It is hereby clarified that the deduction under section 80DD of the Income-tax Act, 1961 is statutory in nature. Therefore, as long as the conditions mentioned in the section are fulfilled, and the assessee has incurred any expenditure on medical treatment, etc., of the handicapped person, the deduction as envisaged in the section will be allowable in full.
2. The Board has received several representations seeking clarification regarding the quantum of deduction available in relation to the expenditure incurred on the handicapped dependants.
3. It is hereby clarified that the deduction under section 80DD of the Income-tax Act, 1961 is statutory in nature. Therefore, as long as the conditions mentioned in the section are fulfilled, and the assessee has incurred any expenditure on medical treatment, etc., of the handicapped person, the deduction as envisaged in the section will be allowable in full.
30 April 2010
plz sir give ur valuable suggestions taking refrence of the above circular an as per ur knowledge
01 May 2010
it is aggregate not per individual.
02 May 2010
thanks dear padmakumar sir but plz clarify me what is relevance of the above circular
02 May 2010
circular no 702 dated 3.4.1995 is clear , only states the maximum possible deduction as stated in the section 80DD, nothing else.
02 May 2010
thanks so much dear sir and all experts for ur suggestions
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