India - Income Tax Act 2010 - Saarc

1.397 CH. VI-A - DEDUCTIONS IN RESPECT OF CERTAIN PAYMENTS S. 80DD(b) any other insurer and approved by the Insurance Regulatory andDevelopment Authority established under sub-section (1) of section 3of the Insurance Regulatory and Development Authority Act, 1999(41 of 1999).]70[Deduction in respect of maintenance including medical treatment of a dependantwho is a person with disability.80DD. (1) Where an assessee, being an individual or a Hindu undivided family,who is a resident in India, has, during the previous year,—(a) incurred any expenditure for the medical treatment (including nursing),training and rehabilitation of a dependant, being a person withdisability; or(b) paid or deposited any amount under a scheme framed in this behalfby the Life Insurance Corporation or any other insurer or theAdministrator or the specified company subject to the conditionsspecified in sub-section (2) and approved by the Board in this behalffor the maintenance of a dependant, being a person with disability,the assessee shall, in accordance with and subject to the provisions of this section,be allowed a deduction of a sum of fifty thousand rupees from his gross totalincome in respect of the previous year:Provided that where such dependant is a person with severe disability, theprovisions of this sub-section shall have effect as if for the words “fifty thousandrupees”, the words 71 [“one hundred thousand rupees”] had been substituted.(2) The deduction under clause (b) of sub-section (1) shall be allowed only if thefollowing conditions are fulfilled, namely:—(a) the scheme referred to in clause (b) of sub-section (1) provides forpayment of annuity or lump sum amount for the benefit of adependant, being a person with disability, in the event of the death ofthe individual or the member of the Hindu undivided family in whosename subscription to the scheme has been made;(b) the assessee nominates either the dependant, being a person withdisability, or any other person or a trust to receive the payment on hisbehalf, for the benefit of the dependant, being a person with disability.70. Substituted by the Finance Act, 2003, w.e.f. 1-4-2004. Prior to its substitution, section 80DDwas substituted for sections 80DD and 80DDA by the Finance (No. 2) Act, 1998, w.e.f.1-4-1999. Earlier section 80DD was inserted by the Finance Act, 1990, w.e.f. 1-4-1991 andthereafter amended by the Finance Act, 1992, w.e.f. 1-4-1993 and Finance Act, 1993, w.e.f.1-4-1994. Section 80DDA was inserted by the Finance Act, 1995, w.e.f. 1-4-1996. Prior to itssubstitution by the Finance Act, 2003, section 80DD was amended by the Finance (No. 2)Act, 1998, w.e.f. 1-4-1999, Finance Act, 1999, w.e.f. 1-4-2000 and Finance Act, 2001, w.e.f.1-4-2002.71. Substituted for ‘ “seventy-five thousand rupees” ’ by the Finance (No. 2) Act, 2009, w.e.f.1-4-2010.