S 80d
This query is : Resolved
14 May 2012
If a person (resident) age 60 Years 2011-12 FY. invest 18000 in mediclaim, how much deduction is available?
Direct Tax Law - Practice Manual - A.Y. 12-13 Under Chapter 15 Page no. 15.2, Ans is given as 15000/-.
Direct Tax Law - Practice Manual - A.Y. 12-13 Under Chapter 15 Page no. 15.2, Ans is given as 15000/-.
14 May 2012
The Answer given is correct as in Explanation to Section 80D, age limit for a senior citizen is of 65 years for the AY 2012-13. In the recent budget amendment has been made and now from AY 2013-14, age will be 60 years or more.
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14 May 2012
The Answer given is correct as in Explanation to Section 80D, age limit for a senior citizen is of 65 years for the AY 2012-13. In the recent budget amendment has been made and now from AY 2013-14, age will be 60 years or more.
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14 May 2012
Does defination of Senior Cccccitizen for basic exemption and for 80D is different?
As on the page no 15.3 it is given that Senior Citizen age for basic exemption was change in Finance Act 2011.
As on the page no 15.3 it is given that Senior Citizen age for basic exemption was change in Finance Act 2011.
14 May 2012
Does defination of Senior Citizen for basic exemption and for 80D is different?
As on the page no 15.3 it is given that Senior Citizen age for basic exemption was change in Finance Act 2011.
As on the page no 15.3 it is given that Senior Citizen age for basic exemption was change in Finance Act 2011.
14 May 2012
Senior citizen for the purpose of Section 80D is defined in Explanation to Section 80D which defines senior citizen as an individual resident in India who is of the age of sixty-five years or more at any time during the relevant previous year.
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14 May 2012
This is the irony of our Taxation act as the same word "Senior Citizen" has been defined differently in two different sections of the same Act.
Section 80D - 65 years for filing of return Senior citizen is 60 years.
Section 80D - 65 years for filing of return Senior citizen is 60 years.
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