Income tax deductions towards expenses for medical treatment of a disabled or ailing dependent

The Income Tax Act, 1961 provides special deductions in the income tax of a taxpayer who has a disabled or ailing dependent for whom the tax payer has to incur expenditure for the medical treatment or maintenance. Similarly deduction is also allowed to a taxpayer who is himself suffering from a disability or ailment requiring … Continue reading Income tax deductions towards expenses for medical treatment of a disabled or ailing dependent