Dear Friend,
Deduction of Rs. 50,000/- is available under section 80U for a
partially-disabled person for the financial year ending 31/03/2014. The
deduction for a severely disabled individual is Rs. 1,00,000/- under section
80U.
Regards
Mr. Sameer Latey,
Mumbai, India
-----Original Message-----
From: Siddhant Chothe
Sent: Wednesday, January 29, 2014 12:27 PM
To: AccessIndia: a list for discussing accessibility and issues
concerningthe disabled.
Subject: Re: [AI] Doubt about IT Form
Here's my understanding of the law:
Law:
35[Deduction in case of a person with disability.
80U. (1) In computing the total income of an individual, being a
resident, who, at any time during the previous year, is certified by
the medical authority to be a person with disability, there shall be
allowed a deduction of a sum of fifty thousand rupees :
Provided that where such individual is a person with severe
disability, the provisions of this sub-section shall have effect as if
for the words "fifty thousand rupees", the words "seventy-five
thousand rupees" had been substituted:
Understanding:
In case of disability, the limit is 50 k. Previously, it was 75k. But
it is now substituted to be 50k
Law:
36[Provided further that for the assessment years beginning on or
after the 1st day of April, 2010, the provisions of the first proviso
shall have effect as if for the words "seventy-five thousand rupees",
the words "one lakh rupees" had been substituted.]
(2) Every individual claiming a deduction under this section shall
furnish a copy of the certificate issued by the medical authority in
the form and manner, as may be prescribed
Understanding:
In case of severe disability, the limit is 75k. Earlier, it was 100k.
But now it is 75k.
Am I interpreting this right? Please help me understanding what this says.
Regards,
Siddhant
On 1/26/14, nitesh gupta <[email protected]> wrote:
very informative thread.
I was unaware that other then CMO can also certify disability.
On 1/25/14, Yogesh Chhabra <[email protected]> wrote:
you can refer this page for further clarification.
link:
http://law.incometaxindia.gov.in/DIT/HtmlFileProcess.aspx?FooterPath=D:%5CWebSites%5CDITTaxmann%5CAct2010%5CDirectTaxLaws%5CITACT%5CHTMLFiles%5C2010&DFile=section80u.htm&tar=top#
Warm regards,
Yogesh Chhabra
On 1/25/14, sidnc1986_gmail <[email protected]> wrote:
I had refered to one of the links in earlier discussion about IT in
Access
India mailing list. This link seems to convey that the deduction is
75000
and not 100000. Here is the link I had refered:
http://law.incometaxindia.gov.in/DIT/HtmlFileProcess.aspx?FooterPath=D:\WebSites\DITTaxmann\Act2010\DirectTaxLaws\ITACT\HTMLFiles\2010&DFile=section80u.htm&tar=top#
Is this link having updated information or the information that you have
put
forward is up-to-date? In either case, please provide any resource that
conveys this information (in simple language. Language on the link was
complete bouncer!)
With best regards,
Siddhant Chothe
Skype/Facebook/Twitter: sidnc86
Website: http://www.techvision.net.in
"I am the imperfect perfectionist perfectionizing the imperfect in me!"
--------------------------------------------------
From: "Sunil Sangtani." <[email protected]>
Sent: Saturday, January 25, 2014 9:30 AM
To: "AccessIndia: a list for discussing accessibility and issues
concerningthe disabled." <[email protected]>
Subject: Re: [AI] Doubt about IT Form
can you please share the order copy as pdf?
On 1/24/14, Yogesh Chhabra <[email protected]> wrote:
Deduction under section 80U of IT act can be claimed by an Individual
who
is a resident in India for the financial year relevant to the
assessment
year in which you are claiming this benefit. Deduction under section
80U
can be claimed in addition to all other income tax deduction benefit
available under IT Act.
*Who can claim benefit under section 80U of IT act?*
A salaried person or a self employed person or any other individual
can
claim income tax deduction under section 80U for his disability if
such
individual is resident in India during the financial year for which he
is
claiming such deduction.
As per section 80U, a foreign citizen resident in India during the
financial year can also claim this income tax benefit for his
disability.
Deduction under section 80U is not available to the individual who is
non
resident in India during the financial year.
*What is Disability under section 80U of IT act?*
The taxpayer will be covered under section 80U of IT act if such
taxpayer
suffers 40% or more than 40% of any of the following disability;
1. blindness;
2. low vision;
3. leprosy-cured;
4. hearing impairment;
5. locomotor disability;
6. mental retardation;
7. mental illness
The taxpayer has to keep a copy of the certificate issued by medical
authority and such certificate has to be renewed in timely manner to
keep
claiming the income tax benefit under section 80U of IT act. No need
to
produce this certificate along with the income tax return. In case it
is
asked by the assessing officer then the same has to be produced before
him.
Earlier you need to produce the certificate along with your income tax
return but now this provision has been removed.
*Amount of Deduction under section 80U of IT act*
A fixed deduction of Rs. 50, 000 is available for the taxpayer if all
of
the other conditions mentioned under section 80U is satisfied.
A higher deduction of Rs. 1, 00,000 can be claimed under section 80U
if
the
taxpayer has severe disability. Sever disability means having any of
the
above disability of 80% or above.
*FAQ on Section 80U - Income Tax Benefit for a Person with Disability*
*What
are the documents I needed to claim deduction under section 80U for my
disability?*
You are not required to produce any document to claim income tax
deduction
under section 80U of IT act. You need to keep the certificate which
your
medical authority has issued to you by certifying your disability. For
illness such as autism or cerebral palsy form 10-IA additionally need
to
be
filled up.
*Who CAN certify my disability to claim the benefit of section 80U?*
Following medical authority persons can certify your disability to
claim
income tax benefit under section 80U;
- A civil surgeon or the chief medical officer of a government
hospital
- A neurologist with an MD in neurology
- A pediatric neurologist having an equivalent degree.
On Fri, Jan 24, 2014 at 10:00 PM, [email protected]
<[email protected]>wrote:
Certificate of disability.
Regards,
Srinivasu Chakravarthula | PayPal | @csrinivasu
Sent from my iPhone 5C
> On 24-Jan-2014, at 21:22, "Kamal" <[email protected]>
> wrote:
>
> Hi friends,
>
> Which certificate we have to submit to get benefits of Income-tax
deduction for Rs.1,00,000. under section 80u?
> Time to meet up again!
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