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of <h1>Finance Bill 2022: Amendments to Section 80DD Allow Annuity Payments for Disabled Dependants from Age 60 Onwards.</h1> The Finance Bill, 2022 proposes amendments to section 80DD regarding annuity payments to disabled dependants. Currently, deductions are allowed for medical expenses or payments to insurance schemes for disabled dependants, with annuities payable upon the subscriber's death. However, the amendment allows deductions if the subscriber is 60 or older, enabling annuity payments during their lifetime, addressing hardships highlighted in a legal case. This change ensures dependants can receive financial support earlier, and the amendment will be effective from April 1, 2023, impacting the assessment year 2023-24 and onwards.
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