Hi
Deduction allowed under 80 DDB is upto Rs.40000 incurred towards medical treatment.Does this amount also include cost incurred towards medicines purchasedby the assesee.
Or it only include Doctor's treatment charges only.
Ragini (CA) (35 Points)
12 March 2010Hi
Deduction allowed under 80 DDB is upto Rs.40000 incurred towards medical treatment.Does this amount also include cost incurred towards medicines purchasedby the assesee.
Or it only include Doctor's treatment charges only.
CA Dhiraj Ramchandani
(CA, M. com)
(10823 Points)
Replied 12 March 2010
Rajat Singhal CA,CS,CFA
(Senior Manager (F&A))
(254 Points)
Replied 12 March 2010
80DDB Deduction in respect of medical treatment, etc. :-
Where an assessee who is resident in India has, during the previous year, actually incurred any expenditure for the medical treatment of such disease or ailment as may be specified in the rules made in this behalf by the Board--
(a) for himself or a dependant relative, in case the assessee is an individual; or
(b) for any member of a Hindu undivided family, in case the assessee is a Hindu undivided family,
the assessee shall be allowed a deduction of a sum of forty thousand rupees in respect of that previous year in which such expenditure was incurred:
Provided that no such deduction shall be allowed unless the assessee furnishes a certificate in such form and from such authority as may be prescribed.
So it include any expenditure not only doctors fees.
CAclubindia
