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Home Acts & Rules Bill Bills FINANCE BILL, 2018 Chapters List Chapter III DIRECT TAXES - Income-tax This

Clause 25 - Amendment of section 80DDB. - FINANCE BILL, 2018

FINANCE BILL, 2018
Chapter III
DIRECT TAXES - Income-tax
  • Contents

25. Amendment of section 80DDB.

In section 80DDB of the Income-tax Act, with effect from the 1st day of April, 2019,––

(a) in the third proviso, for the words “sixty thousand rupees”, the words “one hundred thousand rupees” shall be substituted;

(b) the fourth proviso shall be omitted;

(c) in the Explanation, clause (v) shall be omitted.

 



 

Notes on Clauses:

Clause 25 of the Bill seeks to amend section 80DDB of the Income-tax Act relating to deduction in respect of medical treatment, etc.

As per provisions under the said section a deduction is available to an individual and Hindu undivided family with regard to amount paid for medical treatment of specified diseases in respect of very senior citizen upto eighty thousand rupees and in case of senior citizens sixty thousand rupees subject to other conditions.

It is proposed to amend the said section so as to increase the existing limit of deduction available to an individual and Hindu undivided family with regard to amount paid for medical treatment of specified diseases in respect of senior citizen shall be one hundred thousand rupees.

This amendment will take effect from 1st April, 2019 and will, accordingly, apply in relation to the assessment year 2019-2020 and subsequent years.

 
 
 
 

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