No this budget will not directly benefit us. Will study it in detail tomorrow. Let me explain 80DD.
If you were looking after a disabled child or any other person who was disabled and who did not have taxable income then you would get the benefit of 80DD. 80U benefits us directly and there does not seem to be a change in this Budget. Since most of us are independent earners we can take the benefit of 80U . If we are dependant on someone else then that person can get the benefit of 80DD. Other benefits to general tax payers will also benefit us. There are certain provisions dealing with Trusts that may come in handy for the NGO's on our list. Kanchan ----- Original Message ----- From: "Fayaz Pasha" <[email protected]> To: <[email protected]> Sent: Monday, July 06, 2009 20:36 Subject: Re: [AI] Disability Tax incentives Hi, My understanding if I read the clauses below I do not believe if the income tax limit for us as in the visually impaired persons has been raised as we get such an exemption under 80 U of the income tax act. Experts on the list please comment if now our tax limit will be RS 235000 for the financial year 2009-2010. -----Original Message----- From: [email protected] [mailto:[email protected]] On Behalf Of Rama Chari Sent: Monday, July 06, 2009 8:21 PM To: [email protected] Subject: Re: [AI] Disability Tax incentives ----- Original Message ---- From: Mohammed Asif Iqbal <[email protected]> To: [email protected] Sent: Monday, 6 July, 2009 3:46:55 PM Subject: [AI] Disability Tax incentives 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.i n Yahoo! recommends that you upgrade to the new and safer Internet Explorer 8. http://downloads.yahoo.com/in/internetexplorer/ 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.i n 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
