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of <h1>Finance Bill 2022 amends Section 80DD to enhance tax deductions for disabled dependants' annuity payments, effective 2023.</h1> Clause 21 of the Finance Bill, 2022 amends section 80DD of the Income-tax Act, effective April 1, 2023. The amendment modifies sub-section (2) to allow deductions for schemes providing annuity or lump sum payments for disabled dependants upon the death of the individual or Hindu undivided family member, or when they reach sixty years and discontinue payments. A new sub-section (3A) exempts amounts received by disabled dependants before death from sub-section (3) taxation. These changes apply from the assessment year 2023-2024 onwards, focusing on maintenance and medical treatment deductions for disabled dependants.
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