Tax Relief: Understanding Section 80DDB and its crucial differences from Section 80D (Image: Freepik) Income Tax Benefits: When it comes to medical expenses, there are certain provisions under Section ...

Section 80DDB provides tax deduction for treating specified illnesses, covering medical expenses for dependents like spouses, children, parents, and siblings. It has specific limits, documentation ...

As the income tax act is comprehensive, there are many deductions that go unnoticed or about which taxpayers are unaware. One of them is section 80DDB which gives tax deductions on medical expenses ...

Nagpur: At least 4,000 taxpayers are under scrutiny for claiming deductions in income tax returns by fraudulently showing expenses towards treatment of terminal illnesses like cancer and kidney ...

Income tax planning in India is not limited to your own income and investments. The Income Tax Act also allows taxpayers to ...

With rising medical costs, health insurance has become an absolute must but it entails a certain cost. On the other hand, those with no insurance coverage face the risk of high medical expenses making ...