The Income Tax Act of 1961, Section 80DDB, has provisions for tax deductions against the Medical care of a dependent who has a sickness covered by it. An individual who resides in India and HUFs (Hindu Undivided Families) are eligible to claim the 80DDB Deduction on the amount spent on dependents’ medical care. Section 80DDB [...]
This post first appeared on Personal Finance, Investment & Business, please read the originial post: here