How much can I save U/S 80D to minimise my Tax Burden
Answers were Sorted based on User's Feedback
Answer / srinivas siripuram
Two type of Deductions are available to Individuals under
this section from Assessment year 2009-10
Deduction on Medical insurance premium paid for
himself,spouse,dependent children =Rs 15000 maximum.
Deduction on Medical insurance premium paid for
parents ,whether dependent on assesee or not =Rs 15000
maximum
| Is This Answer Correct ? | 2 Yes | 2 No |
Answer / rakesh yadav
THE MAXIMUM LIMIT OF 80D IS 15000/ FOR A INDIVIDUAL,AND
20000/FOR SENIOR CITIZON
| Is This Answer Correct ? | 3 Yes | 3 No |
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Central purchase is eligible for issuance of H form. Whetther H form can be issued against local purcahse also? What I came to know is : earlier H form can be issued against central purchase only, but after intoduction of VAT, department issued notification regarding issuance of H form against LOCAL PURCHASE also. Is it true? If true then please tell me about notification/ circular/ relevant section or law. Please look into the matter. Thanx n Regards