DEDUCTION U/S 80D of Rs. 50000/-
This query is : Open
Caanchal Rastogi
(Querist)
16 April 2021
An Individual can avail benefits of both sub section 2(a) and 2(b) of section 80D simultaneously. In other words total deduction of Rs. 50,000/- can be availed under above both sub section
CMA Poornima Madhava
(Expert)
16 April 2021
Yes, you are right. Further, if any of the parent is a senior citizen, then max deduction that one may claim is ₹75k (25k + 50k). I think the individual claiming benefit has to be the proposer.
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