Under Sec 80 DD and Sec 80 DDB as per recent amemdment Rs 1 Lakhs and Rs 40 K respectively are given as maximum dedections. I wish to know if this maximum deduction is applicable to one dependent or is it the overall limit.
What if a parent is having two or more children and each of them are eligible as Mentally Challenged children, for example if he has two dependent childeren then can he claim two lakhs as the duduction under Sec 80DD and Rs 80 K as deduction under the Sec 80 DDB
If the above is not possible and the max limit is applied, then it will be great burden on the parents who have two or more such children as upkeep, medical and physiotherapy expenses are very costly and are more than Rs 15 K per month for a child. In that case the limit set would be far low then the actual expenditure involved. It there any way this matter can be brought to the notice of the tax authorities so that the exemption limit is reviewed and set up maybe at Rs 1.5 Lakhs per child.
Can anybody or forum provide help on this.
CAclubindia
