Income Tax Act benefits for Kidney Treatment
DEDUCTION IN RESPECT OF MEDICAL INSURANCE PREMIA.
(1) In computing the total income of an assessee, there shall be deducted, at the following rates, such sum as is specified in sub-section (2) and paid by him by cheque in the previous year out of his income chargeable to tax, namely :- (i) In a case where such sum does not exceed in the aggregate ten thousand rupees, the whole of such sum; and
(ii) In any other case, ten thousand rupees.
Provided that where the sum specified in sub-section (2) is paid to effect or to keep in force an insurance on the health of the assessee, or his wife or her husband or dependant parents or any member of the family in case the assessee is a Hindu undivided family, and who is a senior citizen, the provisions of this section shall have effect as if for the words “ten thousand rupees”, the words “fifteen thousand rupees” had been substituted.
(2) The sum referred to in sub-section (1) shall be the following, namely :- (a) Where the assessee is an individual, any sum paid to effect or to keep in force an insurance on the health of the assessee or on the health of the wife or husband, dependent parents or dependent children of the assessee;
(b) Where the assessee is a Hindu undivided family, any sum paid to effect or to keep in force an insurance on the health of any member of the family;
Provided that such insurance shall be in accordance with a scheme 1001c framed in this behalf by the General Insurance Corporation of India formed under section 9 of the General Insurance Business (Nationalisation) Act, 1972 (57 of 1972), and approved by the Central Government in this behalf.
Explanation : For the purpose of this section, “senior citizen” shall have the meaning assigned to it in the Explanation to section 80DDB.
Section 80DDB
DEDUCTION IN RESPECT OF MEDICAL TREATMENT, ETC.
Where an assessee who is resident in India has, during the previous year, actually incurred any expenditure for the medical treatment of such disease or ailment as may be specified in the rules made in this behalf by the Board – (a) For himself or a dependant relative, in case the assessee is an individual; or
(b) For any member of a Hindu undivided family, in case the assessee is a Hindu undivided family, the assessee shall be allowed a deduction of a sum of fifteen thousand rupees in respect of that previous year in which such expenditure was incurred :
Provided that no such deduction shall be allowed unless the assessee furnishes a certificate in such form and from such authority as may be prescribed.
Provided further that the deduction under this section shall be reduced by the amount received, if any, under an insurance from an insurer for the medical treatment of the person referred to in clause (a) or clause (b) :
Provided also that where the expenditure incurred is in respect of the assessee or his dependant relative or any member of a Hindu undivided family of the assessee and who is a senior citizen, the provisions of this section shall have effect as if for the words “forty thousand rupees”, the words “sixty thousand rupees” had been substituted.
Explanation : For the purposes of this section, “dependant” means a person who is not dependant for his support or maintenance on any person other than the assessee.
Organ transplant law to be made simpler
29 Jan 2008, 1556 hrs IST
,PTI (Appeared in Times of India Jan 29, 2008)
NEW DELHI: Against the backdrop of a flourishing kidney racket in various states, the Centre on Tuesday said it would bring in amendments to make the organ transplant law simpler and provide for stiffer punishment for racketeering.
Health Minister Anbumani Ramadoss said the government would bring in an amendment to the National Organ Transplant Act in the coming budget session to make it more simple and also enhance punishment for those indulging in illegal trade of organs.
The amendment to the Act will be two-pronged. It will try to make it simpler and more transparent, the Minister said. Any transplant in the country will be mentioned online.
While the minister did not elaborate on the exact amendments, it appears that the government may be thinking of liberalising the provisions relating to donors of organs. Currently, the donors are restricted to blood relatives and spouses.
The minister’s comments come in the wake of unearthing of a widespread kidney racket in Gurgaon with links to several other states.
The government would also launch a national programme on creating awareness about organ transplant, he said. “A major mass-media campaign will soon be organised in the country to bring about a behavioural change so that people are willing to donate organs”.
