IMPORTANT PLZ ANSWER IT - Students Forum - Chartered Accountants India,Taxpayers, CAs India, CA india ,ICAI, Company Secretary ,CS, Cost Accountants, MBA, Finance Professionals

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SNEHA
ca
[ Scorecard : 105]

Posted On 01 November 2009 at 15:37

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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

Sandeep Pandey
Article Ship
[ Scorecard : 548]

Posted On 01 November 2009 at 16:04

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.