WebMar 21, 2024 · The Income Tax Act, of 1961 provides several deductions and exemptions to taxpayers to reduce their tax liability. One such deduction is available under Section 80DDB of the Income Tax Act, which provides relief to taxpayers who have incurred expenses on the treatment of specified diseases for themselves or their dependents. WebMar 29, 2024 · Section 80DDB: Section 80C to 80U under Chapter VI A of the Income Tax Act allows flexibility for permissible tax deductions. Section 80DDB allows specified and …
How to Get a Certificate for Claiming Deduction Under Section 80DDB?
WebNov 18, 2024 · Yes, you can claim deduction under section 80D and section 80DDB simultaneously. Section 80D provides a deduction against the medical insurance policy premium payment for dependents and senior citizens. Section 80DDB provides a tax deduction against the medical treatment of specified diseases. However, you must … WebApr 9, 2024 · Diseases That Are Covered Under Section 80DDB. There are specific diseases for which you can claim tax deductions under Section 80DDB of the Income Tax Act. The following is the 80DDB deduction disease list: Neurological diseases such as Dementia, Ataxia, Chorea, Aphasia, Parkinsons disease where the disability level is upto 40% and … phone bits limited
Section 80DDB of Income Tax Act - Digit Insurance
WebDec 31, 2024 · Download Form 10 I from here. FORM-NO.-10I. The process for filing the 80DDB form is as follows: 1: Enter the applicant’s name. 2: Enter the applicant’s father’s address and name. 3: Enter the name and address of any dependents of the applicant and their relationship to the applicant. WebDec 31, 2024 · Download Form 10 I from here. FORM-NO.-10I. The process for filing the 80DDB form is as follows: 1: Enter the applicant’s name. 2: Enter the applicant’s father’s … WebDec 6, 2024 · The primary objective behind the introduction of Section 80DDB in the Income Tax Act of 1961 was to allow deduction of the expenses incurred by a person facing a particular stated disease from their taxable profit. The government of India has prescribed some particular diseases, and if assesses incur expenses for those diseases, then they … how do you know buttermilk is bad