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Under section 10(13A) of the Act, any special allowance specifically granted to an assessee by his employer to meet expenditure incurred on payment of rent (by whatever name called) in respect of residential accommodation occupied by the assessee is exempt from Income-tax to the extent as may.
40, 000 can be claimed under section 80DDB for medical treatment of specified diseases.
To claim tax windows 2000 server firewall setup deduction under section 80DDB for medical treatment you have to actually paid such amount during the previous year for the medical treatment of specified disease or ailment as prescribed by the board.Very senior citizen means an individual resident in India who is of the age of 80 years or more at any time during the relevant previous year.Income star wars art visions pdf Tax Dept has mentioned so many times on wrong calculation of HRA by employees while submitting the returns.Tax deduction claimed under section 80DDB will be reduced by the amount received under insurance from an insurer or reimbursed by an employer.Such expenses are to be incurred by the individual who wants to claim tax deduction under section 80DDB.If amount paid for medical treatment with respect to taxpayer or dependent spouse, children, parents, brothers and sisters of such taxpayer or any of them who is a senior citizen then tax deduction under section 80DDB can be claimed.For more details you can read our article on provisions of section 80C of Income tax Act 1961.TAX,1,profession tax,2,profit rate under 44AF,1,provident fund dues,1,provision OF FBT ON esop,1,provisioning of npa,2,pspcl,1,pstcl,1,PSU PAY hike,2,public limited company,2,public provided fund,8,public share holding IN listed company,2,punjab govt arrear calculator,1,punjab VAT,20,punjab vat notification,16,purchase of residential house,1,pure agent,1,qfi,1,quarterly statement status,3,quiz,8,rail freight,6,railway budget,12,railway budget 2012,2,railway ticket,9,railways budget 09-10,2,railways budget 11-12,1,rajiv.(154 ITR 148 1,meaning of transfer in capital gain,1,meanings of finance terms,6,medical insurance premium,12,medical officer,3,medical u/s 80D,26,meet,1,menrega,1,merge ledger in tally,1,micr code,5,Microsoft,4,Microsoft Excel,7,military pay,2,minimum alternative tax,7,minimum balance,4,minimum experiance for bank branch auditor,1,minimum experience for bank branch auditor,1,minimum service,1,minimum wages,5,mip,1,mis matching,12,mistakes IN etds return,5,mistakes in itr,1,mistakes.A foreign citizen who is resident in India can also take tax benefit of section 80DDB as this section will be applicable to them as well.
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In case of a HUF, medical expenditures are actually to be incurred and paid for the medical treatment of any member of the HUF family.
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