hello accessindia!
below I am pasting the content of finance ministry's circular regarding
80u
and exemption on income tax on conveyance allowance. the circular is self
explanatory :
CIRCULAR NO : 08 /2013
F.No. 275/192/2013-IT(B)
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
.....
New Delhi, dated the 10th October, 2013
SUBJECT: INCOME-TAX DEDUCTION FROM SALARIES DURING THE FINANCIAL
YEAR 2013-14 UNDER SECTION 192 OF THE INCOME-TAX ACT, 1961.
.....
5.5.7.2 Deductions in respect of a person with disability (section
80U):
Under section 80U, 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. However, where such
individual
is a person with severe disability, a higher deduction of one lakh rupees
shall be allowable.
DDOs should note that 80DD deduction is in case of the dependent of the
employee whereas 80U deduction is in case of the employee himself.
However
under both the Sections the employee shall furnish to the DDO following:
1. A copy of the certificate issued by the medical authority
as
defined in Rule 11A(1) in the prescribed form as per Rule 11A(2) of the
Rules. The DDO has to allow deduction only after seeing that the
Certificate furnished is from the Medical Authority defined in this Rule
and
the same is in the form as mentioned therein.
2. Further in cases where the condition of disability is
temporary and requires reassessment of its extent after a period
stipulated
in the aforesaid certificate, no deduction under this section shall be
allowed for any subsequent period unless a new certificate is obtained
from
the medical authority as in 1 above and furnished before the DDO.
3. For the purposes of section 80DD and 80 U some of the
terms
defined are as under:-
(a) "Administrator" means the Administrator as referred to in
clause (a) of section 2 of the Unit Trust of India (Transfer of
Undertaking
and Repeal) Act, 200 ;
(b) "dependant" means-
(i) in the case of an individual, the spouse, children,
parents,
brothers and sisters of the individual or any of them;
(ii) in the case of a Hindu undivided family, a member of the
Hindu undivided family, dependant wholly or mainly on such individual or
Hindu undivided family for his support and maintenance, and who has not
claimed any deduction under section 80U in computing his total income for
the assessment year relating to the previous year;
(c) "disability" shall have the meaning assigned to it in
clause
(i) of section 2 of the Persons with Disabilities (Equal Opportunities,
Protection of Rights and Full Participation) Act, 1995 and includes
"autism", "cerebral palsy" and "multiple disability" referred to in
clauses
(a), (c) and (h) of section 2 of the National Trust for Welfare of
Persons
with Autism, Cerebral Palsy, Mental Retardation and Multiple Disabilities
Act, 1999;
(d) "Life Insurance Corporation" shall have the same meaning as
in
clause (iii) of sub-section (8) of section 88;
(e) "medical authority" means the medical authority as referred
to
in clause (p) of section 2 of the Persons with Disabilities (Equal
Opportunities, Protection of Rights and Full Participation) Act, 1995 or
such other medical authority as may, by notification, be specified by the
Central Government for certifying "autism", "cerebral palsy", "multiple
disabilities", "person with disability" and "severe disability" referred
to
in clauses (a), (c), (h), (j) and (o) of section 2 of the National Trust
for
Welfare of Persons with Autism, Cerebral Palsy, Mental Retardation and
Multiple Disabilities Act, 1999;
(f) "person with disability" means a person as referred to in
clause (t) of section 2 of the Persons with Disabilities (Equal
Opportunities, Protection of Rights and Full Participation) Act, 1995 or
clause (j) of section 2 of the National Trust for Welfare of Persons with
Autism, Cerebral Palsy, Mental Retardation and Multiple Disabilities Act,
1999;
(g) "person with severe disability" means-
(i) a person with eighty per cent or more of one or more
disabilities, as referred to in sub-section (4) of section 56 of the
Persons
with Disabilities (Equal Opportunities, Protection of Rights and Full
Participation) Act, 1995; or
(ii) a person with severe disability referred to in clause (o)
of
section 2 of the National Trust for Welfare of Persons with Autism,
Cerebral
Palsy, Mental Retardation and Multiple Disabilities Act, 1999;
(h) "specified company" means a company as referred to in
clause
(h) of section 2 of the Unit Trust of India (Transfer of Undertaking and
Repeal) Act, 2002.~
5.3.10 Section 10(14) provides for exemption of the following
allowances :-
The CBDT has prescribed guidelines for the purpose of Section 10(14)
(i) &
10 (14) (ii) vide notification No.SO 617(E) dated 7th July, 1995
(F.No.142/9/95-TPL)which has been amended vide notification SO No.403(E)
dt 24.4.2000 (F.No.142/34/99-TPL). The transport allowance granted to
an
employee to meet his expenditure for the purpose of commuting between
the
place of his residence and the place of duty is exempt to the extent of
Rs.800 p. m. or Rs1600 p.m (for a blind person) vide notification
S.O.No.
395(E) dated 13.5.98.
Bhawani Shankar Verma
Durg, Chhattisgarh.
Cell : +919827157594 / 9893466637.
Office : 0788-2332562
skype: bsvermadurg
Register at the dedicated AccessIndia list for discussing accessibility
of
mobile phones / Tabs on:
http://mail.accessindia.org.in/mailman/listinfo/mobile.accessindia_accessindia.org.in
Search for old postings at:
http://www.mail-archive.com/accessindia@accessindia.org.in/
To unsubscribe send a message to
accessindia-requ...@accessindia.org.in
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
Disclaimer:
1. Contents of the mails, factual, or otherwise, reflect the thinking of
the
person sending the mail and AI in no way relates itself to its veracity;
2. AI cannot be held liable for any commission/omission based on the
mails
sent through this mailing list..
