{"act":{"id":"finance-act-2015","short_title":"The Finance Act, 2015","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2015-2016.","act_number":"20","act_year":2015,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":165,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2015/"},"unit":"section","section":{"number":"19","heading":"Amendment of section 80D","text":"Amendment of section 80D. 19. In section 80D of the Income-tax Act, with effect from the 1st day of April 2016,— (A) | for the words \"fifteen thousand rupees\", wherever they occur, the words \"twenty-five thousand rupees\" shall be substituted; (B) | for the words \"twenty thousand rupees\", wherever they occur, the words \"thirty thousand rupees\" shall be substituted; (C) | in sub-section (2), after clause (b), the following shall be inserted, namely:— \"(c) | the whole of the amount paid on account of medical expenditure incurred on the health of the assessee or any member of his family as does not exceed in the aggregate thirty thousand rupees; and (d) | the whole of the amount paid on account of medical expenditure incurred on the health of any parent of the assessee, as does not exceed in the aggregate thirty thousand rupees: Provided that the amount referred to in clause (c) or clause (d) is paid in respect of a very senior citizen and no amount has been paid to effect or to keep in force an insurance on the health of such person: Provided further that the aggregate of the sum specified under clause (a) and clause (c) or the aggregate of the sum specified under clause (b)and clause (d) shall not exceed thirty thousand rupees.\"; (D) | for sub-section (3), the following sub-section shall be substituted, namely:— \"(3) Where the assessee is a Hindu undivided family, the sum referred to in sub-section (1), shall be the aggregate of the following, namely:— (a) | whole of the amount paid to effect or to keep in force an insurance on the health of any member of that Hindu undivided family as does not exceed in the aggregate twenty-five thousand rupees; and (b) | the whole of the amount paid on account of medical expenditure incurred on the health of any member of the Hindu undivided family as does not exceed in the aggregate thirty thousand rupees: Provided that the amount referred to in clause (b)is paid in respect of a very senior citizen and no amount has been paid to effect or to keep in force an insurance on the health of such person: Provided further that the aggregate of the sum specified under clause (a) and clause (b)shall not exceed thirty thousand rupees.\"; (E) | in sub-section (4), — (i) | for the words, brackets and figure \"or in sub-section (3)\", the words, brackets, letter and figure \"or clause (a) of sub-section (3)\" shall be substituted; (ii) | after the words \"senior citizen,\", the words \"or a very senior citizen,\" shall be inserted; (iii) | the Explanation shall be omitted; (F) | after sub-section (5), the following Explanation shall be inserted, namely:— 'Explanation.—For the purposes of this section,— (i) | \"senior citizen\" means an individual resident in India who is of the age of sixty years or more at any time during the relevant previous year; (ii) | \"very senior citizen\" means an individual resident in India who is of the age of eighty years or more at any time during the relevant previous year.'.","html":"

Amendment of section 80D.

19. In section 80D of the Income-tax Act, with effect from the 1st day of April 2016,—

(A)for the words \"fifteen thousand rupees\", wherever they occur, the words \"twenty-five thousand rupees\" shall be substituted;
(B)for the words \"twenty thousand rupees\", wherever they occur, the words \"thirty thousand rupees\" shall be substituted;
(C)in sub-section (2), after clause (b), the following shall be inserted, namely:—
\"(c)the whole of the amount paid on account of medical expenditure incurred on the health of the assessee or any member of his family as does not exceed in the aggregate thirty thousand rupees; and
(d)the whole of the amount paid on account of medical expenditure incurred on the health of any parent of the assessee, as does not exceed in the aggregate thirty thousand rupees:
Provided that the amount referred to in clause (c) or clause (d) is paid in respect of a very senior citizen and no amount has been paid to effect or to keep in force an insurance on the health of such person:
Provided further that the aggregate of the sum specified under clause (a) and clause (c) or the aggregate of the sum specified under clause (b)and clause (d) shall not exceed thirty thousand rupees.\";
(D)for sub-section (3), the following sub-section shall be substituted, namely:—
\"(3) Where the assessee is a Hindu undivided family, the sum referred to in sub-section (1), shall be the aggregate of the following, namely:—
(a)whole of the amount paid to effect or to keep in force an insurance on the health of any member of that Hindu undivided family as does not exceed in the aggregate twenty-five thousand rupees; and
(b)the whole of the amount paid on account of medical expenditure incurred on the health of any member of the Hindu undivided family as does not exceed in the aggregate thirty thousand rupees:
Provided that the amount referred to in clause (b)is paid in respect of a very senior citizen and no amount has been paid to effect or to keep in force an insurance on the health of such person:
Provided further that the aggregate of the sum specified under clause (a) and clause (b)shall not exceed thirty thousand rupees.\";
(E)in sub-section (4), —
(i)for the words, brackets and figure \"or in sub-section (3)\", the words, brackets, letter and figure \"or clause (a) of sub-section (3)\" shall be substituted;
(ii)after the words \"senior citizen,\", the words \"or a very senior citizen,\" shall be inserted;
(iii)the Explanation shall be omitted;
(F)after sub-section (5), the following Explanation shall be inserted, namely:—
'Explanation.—For the purposes of this section,—
(i)\"senior citizen\" means an individual resident in India who is of the age of sixty years or more at any time during the relevant previous year;
(ii)\"very senior citizen\" means an individual resident in India who is of the age of eighty years or more at any time during the relevant previous year.'.
","words":517,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2015/section/19/","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."}