{"act":{"id":"finance-act-2012","short_title":"The Finance Act, 2012","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2012-2013.","act_number":null,"act_year":2012,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":121,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2012/"},"unit":"section","section":{"number":"26","heading":"Amendment of section 80D","text":"Amendment of section 80D. 26. In section 80D of the Income-tax Act, with effect from the 1st day of April, 2013,— (a) in sub-section (1), for the words \", other than cash,\", the words, brackets, figure and letter \"as specified in sub-section (2B),\" shall be substituted; (b) in sub-section (2),— (A) in clause (a), after the words \"the Central Government Health Scheme\", the words \"or any payment made on account of preventive health check-up of the assessee or his family\" shall be inserted; (B) in clause (b), after the words \"parents of the assessee\", the words \"or any payment made on account of preventive health check-up of the parent or parents of the assessee\" shall be inserted; (c) after sub-section (2), the following sub-sections shall be inserted, namely:— \"(2A) Where the amounts referred to in clauses (a) and (b) of sub-section (2) are paid on account of preventive health check-up, the deduction for such amounts shall be allowed to the extent it does not exceed in the aggregate five thousand rupees. (2B) For the purposes of deduction under sub-section (1), payment shall be made by— (i) any mode, including cash, in respect of any sum paid on account of preventive health check-up; (ii) any mode other than cash in all other cases not falling under clause (i).\"; (d) in sub-section (4), in the Explanation, for the words \"sixty-five years\", the words \"sixty years\" shall be substituted. © Copyright. Taxmann Publications Pvt. Ltd.","html":"<p><b>Amendment of section 80D.</b></p><p><b>26. </b>In section 80D of the Income-tax Act, with effect from the 1st day of April, 2013,—</p><p>(<i>a</i>) in sub-section (1)<i>, </i>for the words \", other than cash,\", the words, brackets, figure and letter \"as specified in sub-section (2B)<i>,\" </i>shall be substituted;</p><p>(<i>b</i>) in sub-section (2),—</p><p>(<i>A</i>) in clause (<i>a</i>), after the words \"the Central Government Health Scheme\", the words \"or any payment made on account of preventive health check-up of the assessee or his family\" shall be inserted;</p><p>(<i>B</i>) in clause (<i>b</i>)<i>, </i>after the words \"parents of the assessee\", the words \"or any payment made on account of preventive health check-up of the parent or parents of the assessee\" shall be inserted;</p><p>(<i>c</i>) after sub-section (2), the following sub-sections shall be inserted, namely:—</p><p>\"(2A) Where the amounts referred to in clauses (<i>a</i>) and (<i>b</i>) of sub-section (2) are paid on account of preventive health check-up, the deduction for such amounts shall be allowed to the extent it does not exceed in the aggregate five thousand rupees.</p><p><span class=\"num\">(2B)</span> For the purposes of deduction under sub-section (1)<i>, </i>payment shall be made by—</p><p>(<i>i</i>) any mode, including cash, in respect of any sum paid on account of preventive health check-up;</p><p>(<i>ii</i>) any mode other than cash in all other cases not falling under clause (<i>i</i>).\";</p><p>(<i>d</i>) in sub-section (4), in the <i>Explanation, </i>for the words \"sixty-five years\", the words \"sixty years\" shall be substituted.</p><p>© Copyright. Taxmann Publications Pvt. Ltd.</p>","words":242,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2012/section/26/","note":null,"source_note":"Harvested from the Income Tax Department's own portal at incometaxindia.gov.in, which publishes the Finance Acts section by section. India Code carries none of them: its Central community holds the Acts that stand as general law, and a Finance Act is an amending and rate-fixing instrument.","judgments_note":"Judgment holdings are the ratio decidendi as extracted from the order by eCourts India, reproduced unaltered. Reported judgments only.","licence":"Published with commentary and other original matter under s.52(1)(q)(ii), Copyright Act 1957."}