Amendment of section 80D.

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..... after clause (d), the word very shall be omitted; (B) in sub-section (3),- (i) for the words thirty thousand rupees at both the places where they occur, the words fifty thousand rupees shall be substituted; (ii) the word very shall be omitted; (C) in sub-section (4),- (i) the words or a very senior citizen shall be omitted; (ii) for the words thirty thousand rupees , the words fifty thousand rupee .....

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..... inning with the previous year in which such amount is paid and the subsequent previous year or years during which the insurance shall have effect or be in force. ; (E) in the Explanation occurring after sub-section (5), clause (ii) shall be omitted. - Clause 24 of the Bill seeks to amend section 80D of the Income-tax Act relating to deduction in respect of health insurance premia. The said section .....

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..... this section, there shall be allowed for each of the relevant previous years, a deduction equal to the appropriate fraction of the amount. It is also proposed to define the expressions appropriate fraction and relevant previous years . These amendments will take effect from 1st April, 2019 and will, accordingly, apply in relation to the assessment year 2019-2020 and subsequent years. - statute, .....

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