Section 80DDB speaks of deductions in respect of expenses incurred for medical treatment of specified diseases or ailments for self or dependents.
Section 80DDB provides that if an individual or a HUF has incurred medical expenses for treatment of a specified disease or ailment, such expense is allowed as a deduction, subject to such conditions and capped at such amount as specified, under Section 80DDB of the Income Tax Act.
Here, the section relates to medical expenses incurred on treatment of specified diseases or ailments and should not be confused with premium paid for health insurance bought covering such diseases or ailments. The payment for health insurance is covered under Section 80D of the Income Tax Act.
Section 80DDB provides for a deduction to Individuals and HUFs for medical expenses incurred for treatment of specified diseases or ailments and should be deducted from the Gross Total Income while computing the taxable income of the assessee.
• Deductions under Section 80DDB can be claimed only by individuals and HUFs.
• No deduction under this section can be claimed by corporates or any other entity.
• The deduction under section 80DDB can be claimed only by the assessee who is a resident of India during the relevant previous year that is the section does not apply to non-resident Indians.
• The deduction can be claimed only by the person who has actually incurred the expenses.