Claiming of medical expenditure for tax purposes made easy

Claiming of medical expenditure for tax purposes made easy

One of the pillars of the of the taxation proposals included in the Finance Minister’s Budget Speech for 2015-16 was extension of benefits to the middle class. In this process, the Finance Minister announced extension of certain benefits in respect of medical treatment under section 80DDB. This section allows a deduction for expenditure incurred on treatment of specified ailments.

Taking the process forward, Central Board of Direct Taxes (CBDT) has issued a Notification vide S.O. No.2791 (E) on 12th October 2015 amending Rule 11DD. The amended Rule relaxes the condition of obtaining the certificate for claiming expenditure under section 80DDB in respect of specified ailments from a specialist working in a Government hospital. As per amended Rule 11DD, the prescription can be issued by any specialist mentioned in the amended Rule. Henceforth, it will not be mandatory to obtain a certificate from a specialist working in a Government hospital.

The Notification is available on the website of the Income Tax Department www.incometaxindia.gov.in .

Source : PIB News

The Central Board of Direct Taxes , Extended the due date of filing return of income for AY 2015-16 from 31st July 2015 to 31st August 2015

Extension of due date of filing return of income for Assessment Year 2015-16

G.I., Department of Revenue, Central Board of Direct Taxes, O.M.F.No.225/154/2015/TA.II, dated 10.6.2015

Order under Section 119 of the Income-tax Act 1991

Subject- Extension of due date of filing return of income for Assessment Year 2015-16 – regarding;

The Central Board of Direct Taxes, in exercise of powers conferred under section 119 of the income-tax Act. 1961, hereby extends the ‘due-date‘ for filing Returns of income, in terms of clause (c) of Explanation 2 to sub-section (1) of section 139 of the income-tax Act 1961, for Assessment Year 2015-16 from 31st July. 2015 to 31st August, 2015 in respect of income tax assessees concerned.

Authority : CBDT