The One
(379 Points)
Replied 10 May 2007
| Originally posted by :Itz Me | ||
| " | Hi Guys and GalsI want to know whether the deduction under the section 80DDB includes the amount spent on drugs(medicenes).Cheersya itz me :K) ;D :K) | " |
I had spent 80,000/- for hospitalisation of my daugher for treatment of Dengue Fever. She was also given blood transfusion thrice.
I want to know whether I am entitled for rebate U/S 80DDB
kamesh
(CA FINAL)
(29 Points)
Replied 10 December 2010
Diseases / ailments covered
Not all diseases are covered – the diseases mentioned in rule 11DD of the Income Tax (IT) Act are covered under this section. These diseases are:
How much is deductible?
Any amount paid for the medical treatment is deductible from your income, subject to a cap of40,000.
If the amount is spent for a senior citizen (age 65 years or more), the upper limit is higher -60,000.
However, if you get the amount reimbursed by your employer or you get the amount from an insurer, you would not be able to claim deduction under section 80DDB.
If you get partial amount from an insurance company or get a partial amount reimbursed by your employer, the balance can be claimed as deduction from your income.
Who are prescribed authorities to issue certificate ?
CAclubindia
