maximum leave available duringthe articleship

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This query is : Resolved

Ritu mathur (Querist)

14 July 2009 Whether the full amount of Deduction Under Sec 80DD is available in case the person suffering from disability died during the year??

Ujjawal S. Jain

Ujjawal S. Jain (Querist)

14 July 2009 hi...
I want to know maximum leave available during the my articleship period and also want to know maximum leave available in a year.

and i also want to know that any leaves i have taken for my CA exams are elligible for my total leaves available during the articleship.

Abhishek Mohta

Abhishek Mohta (Expert)

15 July 2009 As per Sec 80DD if an assessee has incurred any expenditure for the medical treatment of a dependant being a person of disability, the assessee will get a deduction of Rs. 50,000/- from hi Gross Total Income. Again, if the same amount has been deposited under a scheme of LIC in this behalf than also he/she will get a deduction of Rs. 50,000/-.

So it is immaterial how much the assessee spends he /she will be getting a deduction of rs. 50,000/- only (read as Rs. 75,000/- if severe disability).

In this case if he/she has spend more or less he will get a deduction of Rs. 50,000/-.

However, if the money has been deposited in LIC and he/she is getting a refund from there than the refunded amount shall be taxable in the hands of the assessee.

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