Section 26 - Amendment of section 80D. - Finance Act, 2012

Amendment of section 80D. 026. 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.