Clause 25 - Amendment of section 80D. - Finance Bill, 2012

Amendment of section 80D. 25. In section 80D of the Income-tax Act, with effect from the 1st day of April, 2013, (a) in sub-section (1), for the words , other than cash, , the words, brackets, figure and letter as specified in sub-section (2B), shall be substituted; (b) in sub-section (2), (A) in clause (a), after the words the Central Government Health Scheme , the words or any payment made on account of preventive health check-up of the assessee or his family shall be inserted; (B) in clause (b), after the words parents of the assessee , the words or any payment made on account of preventive health check-up of the parent or parents of the assessee shall be inserted; (c) after sub-section (2), the following sub-sections shall be inserted, namely: (2A) Where the amounts referred to in clauses (a) and (b) of sub-section (2) are paid on account of preventive health check-up, the deduction for such amounts shall be allowed to the extent it does not exceed in the aggregate five thousand rupees. (2B) For the purposes of deduction under sub-section (1), payment shall be made by (i) any mode, including cash, in respect of any sum paid on account of preventive health check-up; (ii) any mode other than cash in all other cases not falling under clause (i). ; (d) in sub-section (4), in the Explanation, for the words sixty-five years , the words sixty years shall be substituted.