Section 80D deduction increased by amendment, expanding allowable medical insurance deduction under the Income tax provision. The Finance Act, 1992 amends section 80D by substituting, in sub section (1), the words "three thousand rupees" with the words "six thousand rupees", with ... Summary
Section 80D deduction increased by amendment, expanding allowable medical insurance deduction under the Income tax provision.
The Finance Act, 1992 amends section 80D by substituting, in sub section (1), the words "three thousand rupees" with the words "six thousand rupees", with effect from the implementation date stated in the amending provision, thereby increasing the statutory deduction limit for medical insurance premiums under the Income tax Act.
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