24 February 2014
please tell me difference in between,
one person making payment to medical treatment of his father and mother, but they are not suffering any specified decease. But they require some medicine to old age problems. they are one of them 75 yr and another one is 60 yrs.
my query is he is paying in cash, then in which sec he wl be claim.
24 February 2014
80D :- Assessee pay medical insurance premium 4 himself or relatives Premium must b paid out of taxable income Premium must b paid other than cash. Deduction: Premium paid or Rs (15000+15000) If insured person is senior citizen(>60 yrs)
80DD :- Assessee has a disable dependent relative. Deductions: 50K (for severe disability - 1L) Normal Disability - 40% or more Sevier Dis. - 80% or more