The Indian government has introduced new tax relief measures under Section 80DD of the Income Tax Act, specifically for parents or guardians of disabled individuals. This amendment addresses a previous hardship where annuity payments for a disabled dependant could only be made after the guardian's death. Now, deductions under this section can be claimed even if the annuity or lump sum payment is made during the dependant's lifetime, particularly if the guardian is aged 60 or over and has discontinued scheme payments. This change aims to provide financial support to disabled dependants when they need it most.
Condition of releasing of annuity to a disabled person
1. The existing provision of section 80DD, inter alia, provide for a deduction to an individual or HUF, who is a resident in India, in respect of (a) expenditure for the medical treatment (including nursing), training and rehabilitation of a
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