WHT IS EXACT AMENDMENT IN SEC 80 D FOR 2009-2010
IT IS FROM DEDUCTION FRM CHAPTER VIA
PLZ TELL WHT IS DEDUCTION AVAIBLE TO DEPENDENT PARENTS AND INDIVIDUAL
I M CONFUSED AS V.K.SINGHANIA IS GIVING DIFF AND TAX AMENDMENT BOOK OF ICAI IS DIFF PLZ HELP
1 Replies
Sandeep Pandey
(CA FINAL)
(1306 Points)
Replied 01 November 2009
80 D : Medical Insurance Premium :
The following deduction can be claimed:
i) Rs. 15000 (Rs 20000 for senior citizen) and Additional Rs 15000 for the insurance of parents ( Rs. 20000 in case parents are senior citizen)
ii) Parents and spouse need not be dependent, where as child shall be a dependent to avail this deduction.
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