Which of the following is NOT a deduction under Section 80D?

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Question: Which of the following is NOT a deduction under Section 80D?

Options:

Correct Answer: Home loan principal repayment

Solution:

Home loan principal repayment is not a deduction under Section 80D.

Which of the following is NOT a deduction under Section 80D?

Which of the following is NOT a deduction under Section 80D?

Step 1: Understand what Section 80D is. It is a section of the Income Tax Act in India that allows taxpayers to claim deductions for premiums paid on health insurance policies.
Step 2: Identify the types of expenses that can be deducted under Section 80D. These include health insurance premiums for self, family, and parents.
Step 3: Recognize that Section 80D does not cover home loan principal repayments. This means you cannot claim a deduction for the principal amount paid on a home loan under this section.
Step 4: Conclude that since home loan principal repayment is not related to health insurance, it is NOT a deduction under Section 80D.

No concepts available.