Restrictions for Section 80DD deduction need to be eased
Section 80DD provides a deduction to resident individuals or Hindu Undivided Family (HUF) in respect of expenditure incurred for disabled dependants
With the budget around the corner, the Mint Money team is highlighting some pain points in taxation that the government may want to address. Today, we will look at two aspects under Section 80DD of the Income-tax Act against which taxpayers can claim a deduction. First, the definition of disability and, second, relaxation for taxpayers to get maturity benefit while securing the life of a differently-abled dependant.