Amendment of section 80D.

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ituted; (b) in sub-section (2), (A) in clause (a), after the words the Central Government Health Scheme , the words or any payment made on account of preventive health check-up of the assessee or his family shall be inserted; (B) in clause (b), after the words parents of the assessee , the words or any payment made on account of pr .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... sub-section (4), in the Explanation, for the words sixty-five years , the words sixty years shall be substituted. - Clause 25 of the Bill seeks to amend section 80D of the Income-tax Act relating to deduction in respect of health insurance premia. The existing provisions of section 80D provide for deduction up to fifteen thousand rupees to an assessee, being an individual or a Hindu undi .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... rescribed in the section. The existing provisions allow a higher deduction up to twenty thousand rupees in the case of senior citizen. It is proposed to amend the Explanation to sub-section (4) of the aforesaid section so as to reduce the age for defining a senior citizen from sixty-five years to sixty years for the purposes of the said deduction. It is also proposed that for the purposes .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X