Deduction Under Section 80DD
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Table of Contents
- What Does Income Tax Section 80DD Mean?
- Eligibility Requirements for Section 80DD Deductions
- Terms and Conditions for Making a Deduction Claim
- How Can I Make A Section 80DD Deduction Claim?
- Document Needed To Claim A Deduction Under Section 80DD
- Additional Information Regarding Claim Deduction
- What Does "Dependents" Imply In The Context Of Section 80DD?
- What Does "Disability" Imply In The Context Of 80DD?
- Which Conditions Are Covered Under Section 80DD?
- Amount Of The Section 80DD Deductions Permitted
- Which Medical Certificate Is Necessary To Comply With Section 80DD?
- What Prerequisites Must Be Met Before A Disabled Dependant May Receive Insurance Or A Deposit To Qualify For An 80DD Deduction?
- Conclusion
- FAQs
What Does Income Tax Section 80DD Mean?
Eligibility Requirements for Section 80DD Deductions
Terms and Conditions for Making a Deduction Claim
How Can I Make A Section 80DD Deduction Claim?
Document Needed To Claim A Deduction Under Section 80DD
Additional Information Regarding Claim Deduction
What Does "Dependents" Imply In The Context Of Section 80DD?
What Does "Disability" Imply In The Context Of 80DD?
Which Conditions Are Covered Under Section 80DD?
Amount Of The Section 80DD Deductions Permitted
Which Medical Certificate Is Necessary To Comply With Section 80DD?
What Prerequisites Must Be Met Before A Disabled Dependant May Receive Insurance Or A Deposit To Qualify For An 80DD Deduction?
Conclusion
FAQs
• A copy of the medical certificate attesting to the dependent's incapacity.
• Form 10-IA must be filed if the dependent is handicapped and has multiple impairments, autism, or cerebral palsy.
• Taxpayers must provide a self-declaration certificate detailing the costs of the handicapped dependent's medical care, including nursing, rehabilitation, and training.
• The original receipts for the costs must be kept on file if a claim is being made for the money paid toward insurance policies purchased for the handicapped dependent.
Dependents with at least 80% handicap are considered severely disabled. Under Section 80DD of the Income Tax Act, the person who pays for their dependent's medical expenditures may deduct up to Rs. 1.25 lakh from their income.
For Indian resident taxpayers who are handling the costs of a disabled dependent, Section 80DD is a terrific tax benefit tool. This tax break also guarantees that persons with disabilities get the appropriate care and may live respectably with the help and support of family members.
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ADV/11/22-23/2160
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