offer financial relief to taxpayers who incur significant medical expenses on Specified Diseases in Clause 128 of Income Tax Bill, 2025 Vs. Section 80DDB of Income Tax Act, 1961

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ided Families (HUFs) by allowing deductions from taxable income for medical expenses. This commentary will explore the objectives, detailed provisions, and implications of Clause 128, and compare it with existing Section 80DDB of the Income-tax Act 1961, and Rule 11DD of the Income-tax Rules 1962. 2. Objective and Purpose The legislative intent behind Clause 128 is to offer financial relief to taxpayers who incur significant medical expenses. By allowing deductions for specified medical treatments, the provision aims to make healthcare more affordable for residents, especially those dealing with chronic or severe ailments. This aligns with broader policy considerations to improve public health and reduce the economic burden on individuals .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... * Definitions: Clause 128(5) defines key terms such as "dependant" and "insurer," ensuring clarity and consistency in interpretation. These definitions are crucial for determining eligibility and scope of deductions. 3.2 Comparison with Section 80DDB of the Income-tax Act 1961 & Rule 11DD of the Income-tax Rules 1962 Section 80DDB of the Income Tax Act, 1961, serves a similar purpose by allowing deductions for medical treatment of specified diseases. Both provisions share core elements, such as eligibility criteria, deduction limits, and prescription requirements. However, there are notable differences: * Age Definition for Senior Citizens: Section 80DDB defines senior citizens as individuals aged 60 or above, while Clause 128 does .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... imit access for those in areas with limited medical infrastructure. For healthcare providers, the clause could increase demand for specialist consultations, necessitating adjustments in service delivery. 5. Comparative Analysis with Other Jurisdictions Comparing Clause 128 with similar provisions in other jurisdictions reveals common themes of providing tax relief for medical expenses. However, the specifics of eligible diseases, deduction limits, and documentation requirements vary, reflecting different healthcare systems and policy priorities. Unique features of Clause 128 include its focus on specialist prescriptions and its integration with existing insurance frameworks. 6. Conclusion Clause 128 of the Income Tax Bill, 2025, represe .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X