https://www.taxtmi.com/news?id=14366 Section 80DD grants residents-individuals and Hindu undivided families-a deduction where they incur medical, training or rehabilitation expenditure for a dependant with disability or pay premiums for an insurer maintenance scheme; it distinguishes between disability and severe disability and defines "dependant" by familial relation and financial dependence. The Finance Bill, 2015 proposes to raise the statutory deduction ceilings for both disability categories to address increased care and medical costs, while preserving the alternative of insurer-paid maintenance schemes as qualifying for deduction. en-us Fri, 24 Apr 2015 18:11:54 +0530 Fri, 24 Apr 2015 18:11:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=14366 Section 80DD grants residents-individuals and Hindu undivided families-a deduction where they incur medical, training or rehabilitation expenditure for a dependant with disability or pay premiums for an insurer maintenance scheme; it distinguishes between disability and severe disability and defines "dependant" by familial relation and financial dependence. The Finance Bill, 2015 proposes to raise the statutory deduction ceilings for both disability categories to address increased care and medical costs, while preserving the alternative of insurer-paid maintenance schemes as qualifying for deduction. News - Fri, 24 Apr 2015 18:11:54 +0530 https://www.taxtmi.com/news?id=14366