Tax Relief: Understanding Section 80DDB and its crucial differences from Section 80D (Image: Freepik) Income Tax Benefits: When it comes to medical expenses, there are certain provisions under Section ...

Section 80DDB provides tax deduction for treating specified illnesses, covering medical expenses for dependents like spouses, children, parents, and siblings. It has specific limits, documentation ...

I am 48 and my company provides me a group health insurance policy that covers my parents. I suffered a slipped disc last year and have to undergo regular physiotherapy. Can I claim tax benefit on ...

For Assessment Year (AY) 2025-26, income tax regulations provide specific reliefs and benefits for senior citizens (aged 60–79 years) and super senior citizens (80 years and above). These taxpayers ...

A complete guide for income tax deductions under sections 80D, 80DD and 80DDB which relate to medical expenses and health insurance/mediclaim. Good understanding will help you in substantial tax ...

After the part one of the Last Minute Tax Planning tips that talked about investments that can be made which will make you eligible for deductions from your taxable income, this part will talk about ...

ITAT Kolkata deletes the Section 271(1)(c) penalty against Asit Kumar Dutta. The Tribunal ruled that an incorrect deduction claimed by mistake, with full disclosure, does not constitute furnishing ...

I have a handicapped dependent who is my mother's younger sister. She is completely dependent on me and every month I spend Rs 2,000. I wanted to know whether I can claim tax benefit under 80DD? I ...

Premiums paid to insure your life or that of your spouse or children are eligible for deduction under Section 80C of the Income Tax Act. This is valid whether your child is dependent or independent, ...