Medical insurance deduction limit increased by statutory amendment, expanding allowable tax deduction for qualifying health expenses. Amendment increases the maximum allowable deduction under section 80D by substituting the monetary ceiling in subsection (1), thereby expanding the ... Summary
Medical insurance deduction limit increased by statutory amendment, expanding allowable tax deduction for qualifying health expenses.
Amendment increases the maximum allowable deduction under section 80D by substituting the monetary ceiling in subsection (1), thereby expanding the deductible amount for specified medical insurance or preventive health expenses, effective from 1 April 1997.
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