Sec 80d (mediclaim)

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swasti (Querist)
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17 February 2012 From A.Y. 2012-13, in Income Tax senior citizen means a citizen of or above the age of 60 years. But for the purpose of 80D, what is the age limit for senior citizen. Why I am asking this is because According to the Act, the definition of senior citizen to avail an additional deduction of Rs 5000/- U/s 80D is 65 years. Which one is to be considered - 60 years or 65 years? Please advise.

CS Mitesh Mehta

CS Mitesh Mehta (Expert)
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17 February 2012 Senior citizen for claiming deduction u/s 80D means who is at least of 65 year of age or more at any time during the relevant previous year.

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swasti

swasti (Querist)
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17 February 2012 Thank you Sir. But since the age limit of senior citizen was reduced from 65 years to 60 years in the last budget, would that have no effect for the purpose of Sec 80D?

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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17 February 2012 This may be rectified in the forthcoming budget.
At present the age-limit for this particular section is 65 years.

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swasti

swasti (Querist)
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18 February 2012 Thanks a lot to both of you for guidance.

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