80D Ammendments
This query is : Resolved
27 March 2009
can an individual claim deduction u/s 80d up to Rs. 35000/40000 after ammendment [ Inculding sr. Parents deduction]
27 March 2009
Deduction u/s 80D is as follows for an individual
(1) Actual insurance premium to the maximum of Rs. 15000(20000 if insured person is senior citizen) for individual him/herself, spouse and dependant children
and
(2) Actual insurance premium to the maximum of Rs. 15000(20000 if insured person is senior citizen) for parents of individual.
SO INDIVIDUAL CAN CLAIM DEDUCTION UP TO RS 35000 (15000 +20000) OR RS 40000 (20000+ 20000)
(1) Actual insurance premium to the maximum of Rs. 15000(20000 if insured person is senior citizen) for individual him/herself, spouse and dependant children
and
(2) Actual insurance premium to the maximum of Rs. 15000(20000 if insured person is senior citizen) for parents of individual.
SO INDIVIDUAL CAN CLAIM DEDUCTION UP TO RS 35000 (15000 +20000) OR RS 40000 (20000+ 20000)
27 March 2009
Yes.
I agree with Mr.Manmohan.
But situation of 40000/- is practicable.
I agree with Mr.Manmohan.
But situation of 40000/- is practicable.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Opting our of sec 44AD
- Multiple trade mark
- Transporter Declaration form
- LC charges in relation to Asset purchased should be Capitalised ?
- Copyright software
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Regarding TDS Applicability For Director Remuneration
- Value of property in capital gain
- Regarding appeal to GSTAT
- Form 121 & TDS deduction
- Taxation on Swing Trading Income (No Other Income)
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
