alleryStart learning →If the dependant predeceases, the 80DD deposit is:
ARefunded to the heirs
BForfeited by the insurer
CDeemed income of the assessee
DAdded to the wealth base
Answer & Solution
Correct answer: C. Deemed income of the assessee
Section 80DD(3) deems the amount equal to the deposit to be the assessee's income when received.
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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 Besides spending on treatment, 80DD also covers payment into a scheme of:Section 80DD grants a deduction for expenditure on a dependant who is:Which condition is included in the definition of 'disability' for section 80U?