S 80d

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Rakesh Agarwal (Querist)
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14 May 2012 If a person (resident) age 60 Years 2011-12 FY. invest 18000 in mediclaim, how much deduction is available?

Direct Tax Law - Practice Manual - A.Y. 12-13 Under Chapter 15 Page no. 15.2, Ans is given as 15000/-.

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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14 May 2012 The Answer given is correct as in Explanation to Section 80D, age limit for a senior citizen is of 65 years for the AY 2012-13. In the recent budget amendment has been made and now from AY 2013-14, age will be 60 years or more.
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CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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Rakesh Agarwal

Rakesh Agarwal (Querist)
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14 May 2012 Does defination of Senior Cccccitizen for basic exemption and for 80D is different?

As on the page no 15.3 it is given that Senior Citizen age for basic exemption was change in Finance Act 2011.

Rakesh Agarwal

Rakesh Agarwal (Querist)
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14 May 2012 Does defination of Senior Citizen for basic exemption and for 80D is different?

As on the page no 15.3 it is given that Senior Citizen age for basic exemption was change in Finance Act 2011.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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14 May 2012 Senior citizen for the purpose of Section 80D is defined in Explanation to Section 80D which defines senior citizen as an individual resident in India who is of the age of sixty-five years or more at any time during the relevant previous year.

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Mihir Doshi

Mihir Doshi (Expert)
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14 May 2012 This is the irony of our Taxation act as the same word "Senior Citizen" has been defined differently in two different sections of the same Act.

Section 80D - 65 years for filing of return Senior citizen is 60 years.

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