1.

Explain the quantum of deduction allowed u/s 80 D (in respect of medical Insurance Premium) in case of HUF?

Answer»

In case of a HUF Deduction under section 80D is allowable in respect of premium paid to insure the health of any member of the family. The maximum deduction available to a HUF would be Rs. 25,000 and in case any member is a senior citizen. Further, the amount paid on account of medical expenditure incurred on the health of any member(s) of a family who is a resident senior citizen would qualify for deduction subject to a maximum of Rs 50,000 provided no amount has been paid to effect or keep in force any insurance on the health of such person(s).



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