sec 80 dd exemption
This query is : Open
08 April 2016
whether 75000 exemption available irrespective of expense incurred during or not?
Ankur Singhal
(Expert)
08 April 2016
Dear
Yes the deduction is available for full amount of 75000/-
But to claim deduction you need to incur some expenditure.
It may be any amount .
As section 80dd says this.
Yes the deduction is available for full amount of 75000/-
But to claim deduction you need to incur some expenditure.
It may be any amount .
As section 80dd says this.
CMA Ramesh Krishnan
(Expert)
08 April 2016
Yes. Sec.80DD will allowed full amount even the actual expenses amount incurred less than the fixed limit
08 April 2016
actually my ca is demanding expenditure receipt for allowing in form 16. as per my knowledge, only self declaration required. M I right?
08 April 2016
dear ramesh,
I dont have any receipt but having disability certificate more than 40%. can i get deduction?
CMA Ramesh Krishnan
(Expert)
08 April 2016
As per section expenses has to be incurred to claim the deduction, but irrespective of the expenses amount, the deduction is fully allowed. so your CA is correct only
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CMA Ramesh Krishnan
(Expert)
09 April 2016
1.any expenditure for the medical treatment (including nursing), training and rehabilitation of a dependent, being a person with disability; or
2. paid or deposited any amount under a scheme framed in this behalf by the Life Insurance Corporation or any other insurer or the Administrator or the specified company
2. paid or deposited any amount under a scheme framed in this behalf by the Life Insurance Corporation or any other insurer or the Administrator or the specified company
09 April 2016
The assessee, claiming a deduction under this section, shall furnish a copy of the certificate issued by the medical authority in the prescribed form (Form No 10-IA )and manner along with the return of income under section 139, in respect of the assessment year for which the deduction is claimed. No other forms/documents are needed.
09 April 2016
dear ankur, right now client have only routine private doctor's checkup consultancy bill around 3000 and said medicine 2000. than also 75000 disc available?
09 April 2016
Dear sir, it is a flat deduction. Even if actual expense is less than the amount mentioned in they section , assessee is eligible for full deduction.
09 April 2016
dear anil sir,
is it mandatory to provide bill of expense? or self declaration of client is satiafacory without any bill? 40% disability certificate provided by client only.
09 April 2016
There is no need to preserve actual receipts or bills. Self declaration is enough to claim. If there is any premium paid with regard to this , receipts are needed. incurredCertificate should be obtained from Proper Medical Authority as defined. As it is a
09 April 2016
There is no need to preserve actual receipts or bills. Self declaration is enough to claim as it is a flat deduction . If there is any premium paid with regard to this , receipts are needed. Certificate should be obtained from Proper Medical Authority as defined.
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