Mahadev (age 45) engaged in business paid ₹52,000 towards medical insurance of his parents who are senior citizens. He also paid ₹30,000 towards medical insurance for himself, his wife and one daughter. The premium amoun
CS Executive · Tax Laws and Practice · PYQS · December 2019
Mahadev (age 45) engaged in business paid ₹52,000 towards medical insurance of his parents who are senior citizens. He also paid ₹30,000 towards medical insurance for himself, his wife and one daughter. The premium amount was paid by account payee crossed cheque. The amount of deduction allowable under section 80D would be :
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Income Tax
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