How much rebate under section 80DDB?
Tukaram Gaikwad (63 Points)
21 February 2019please suggest me about rebate limit under section 80DDB.
Tukaram Gaikwad (63 Points)
21 February 2019
Susmita Dutta, CA , CPA
(CA )
(2141 Points)
Replied 21 February 2019
Deduction limit u/s 80DDB. The deduction limit depends upon the actual expense incurred and age of the person for whose treatment the money was spent. In normal cases, the assessee (individual or HUF) is eligible for tax deduction of Rs. 40,000 or the actual amount spent, whichever is less.
Susmita Dutta, CA , CPA
(CA )
(2141 Points)
Replied 21 February 2019
The deduction limit depends upon the actual expense incurred and age of the person for whose treatment the money was spent.