alleryStart learning →Besides spending on treatment, 80DD also covers payment into a scheme of:
AA post office only
BLIC or another insurer
CA mutual fund only
DA commercial bank only
Answer & Solution
Correct answer: B. LIC or another insurer
Section 80DD(1)(b) covers amounts deposited under an approved scheme of the LIC or another insurer for the dependant.
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Related questions
For an individual under 80DDB, 'dependant' includes the spouse, children, parents and:For 80DDB, the deduction is reduced by amounts received from:For a senior citizen, the 80DDB limit rises to:Section 80DDB allows the amount actually paid or Rs 40,000, whichever is:A resident supports a disabled dependant and spends on treatment; the base 80DD deduction If the dependant predeceases, the 80DD deposit is:Section 80DD grants a deduction for expenditure on a dependant who is:Which condition is included in the definition of 'disability' for section 80U?