Wednesday, October 28, 2009

Deduction for Medical Treatment of Dependent(u/s 80DD) Enhanced

In The Finance (No.2) Bill, 2009, the deduction under section 80DD available to a resident individual and HUF in respect of expenditure incurred for the medical treatment of dependent suffering from severe disability is increased from Rs. 75000.00 to Rs. 1,00,000.00 w.e.f. 01.04.2010, However the deduction in respect of expenditure incurred for ordinary disability is being retained at Rs. 50,000.00

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