Capital gain
This query is : Resolved
CA Anushree jain
(Querist)
17 March 2013
assessee sold a land property for getting his cancer treatment done capital gain is long term is there any deduction available to him and how he can save tax?
CMA Ramesh Krishnan
(Expert)
17 March 2013
for cancer treatment, assessee can get deduction u/s 80DDB up to Rs.40000 and incase of senior citizen up to R.60000
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CA Anushree jain
(Querist)
21 March 2013
is this claim regarding medical expenditure
CMA Ramesh Krishnan
(Expert)
21 March 2013
Yes. this deduction is for incurring medical expenses on treatment of specified diseases. Cancer also covered under Specified diseases
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