Health
Is Proof Mandatory for Claiming Medical Deductions Under Section 80D?
For taxpayers still choosing the old tax regime, exemptions and deductions are major benefits. One of the most popular tax benefits that you can enjoy comes from your health insurance and medical expenses. Section 80D of the Income Tax Act, 1961, allows you to claim tax deductions; however, there are certain aspects that you should be aware of, and proper documentation is one of them.
For making claims under 80D, medical bills and insurance policy documents are necessary. Read on as we discuss Section 80D, its deduction limits, and the proofs required.