No, Sir, we are not going to benefit from S80 DD. The relevant section for us is S.80U.If deduction limit is enhanced under S.80 U we will benefit Niranjan
On 7/6/09, Mohammed Asif Iqbal <[email protected]> wrote: > Dear All, > I was viewing this budget and copying this relevant claus for your > reference. > 88. With a view to providing interim relief to small and marginal > taxpayers and senior citizens, I propose to increase the personal income tax > exemption limit by Rs.15,000 from Rs.2.25 lakh to Rs.2.40 lakh for senior > citizens. Similarly I also propose to raise the exemption limit by Rs.10,000 > from Rs.1.80 lakh to Rs.1.90 lakh for women tax payers and by Rs.10,000 from > Rs.1.50 lakh to Rs.1.60 lakh for all other categories of individual > taxpayers. Further, I also propose to increase the deduction under section > 80-DD in respect of maintenance, including medical treatment, of a dependent > who is a person with severe disability to Rs.1 lakh from the present limit > of Rs.75,000. > > Expert on AI plese comment, is this applicable for us? I mean now we will > get tax exemption of Rs. 1lac ? > Thanks and please advise > Asif > > > To unsubscribe send a message to [email protected] with > the subject unsubscribe. > > To change your subscription to digest mode or make any other changes, please > visit the list home page at > http://accessindia.org.in/mailman/listinfo/accessindia_accessindia.org.in > To unsubscribe send a message to [email protected] with the subject unsubscribe. To change your subscription to digest mode or make any other changes, please visit the list home page at http://accessindia.org.in/mailman/listinfo/accessindia_accessindia.org.in
