Deduction

Tax queries 1656 views 2 replies
What is the maximum limit for claiming deduction U/s 80 DD & U/s 80DDE respectively. And could it be part of maximum limit of Rs 100000.00 under chapter VIA. pls help.
Replies (2)

A. Deduction under Chapter VI A is not limited, i.e it can be claimed as per amount spent (subject to limits of sections under Chapter VI A)

 

B. The limit of Rs. 100000 is applicable for sections 80C , 80CCC, 80CCD (which form part of chapter VI A).

 

C. Dedcution u/s 80 DD is 50000.. And For the dependant with a severe disability (over 80 per cent), the deduction is Rs 75000.

D. Under section 80 DDB the amount claimable is Rs. 40000 in normal terms.. But if the person, for whom such expenditure is incurred, is a senior citizen, then exemption is Rs. 60000...

 

E. That means, under CHAPTER VI A, u can claim Maximum deductions provided under other sections under it and not just Rs. 100000...


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