Yes, it is.
I am availing it.
The date 1st April indicates assessment year.
Regards
"Perhaps our role on this planet is not to worship God--
but to create Him."
--Arthur C. Clarke
Rajesh Asudani
Assistant General Manager,
Reserve Bank of India
Nagpur
09420397185
O: 0712 2806676
Res: 0712 2591349
-----Original Message-----
From: accessindia-boun...@accessindia.org.in
[mailto:accessindia-boun...@accessindia.org.in] On Behalf Of Amiyo Biswas
Sent: Wednesday, December 16, 2009 2:33 PM
To: accessindia@accessindia.org.in
Subject: Re: [AI] Regarding S80U.
Hello,
Is the additional exemption effective from the current financial year? What
does the date April 1, 2010 in the new proviso indicate, financial year or
assessment year?
With Best regards,
Amiyo Biswas.
Cell: 91-9433464329
----- Original Message -----
From: "Padmanabham" <padmanabam.mu...@gmail.com>
To: <accessindia@accessindia.org.in>
Sent: Thursday, December 03, 2009 5:33 PM
Subject: Re: [AI] Regarding S80U.
>
> Dear Friend,
>
> The amendment made in section 80U through the finance budget for 2009-10
> has raised the income tax exemption limit from Rs. 75,000 to Rs. 1,00,000.
> This increase was done through an amendment to section 80U & applies only
> to completely disabled individuals.
>
> I am pasting below the amended section 80U as taken from the website of
> the Income Tax department.
>
>
> 80U Deduction in case of a person with disability.
>
>
>
> . (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.
>
>
>
> The following proviso shall be inserted after the existing proviso of
> sub-section (1) of section 80U by the Finance (No. 2) Act, 2009, w.e.f.
> 1-4-2010 :
>
>
>
> 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 along with the return of income under section 139, in
> respect of the assessment year for which the deduction is claimed :
>
>
>
> Provided that where the condition of disability requires reassessment of
> its extent after a period stipulated in the aforesaid certificate, no
> deduction
>
> under this section shall be allowed for any assessment year relating to
> any previous year beginning after the expiry of the previous year during
> which
>
> the aforesaid certificate of disability had expired, unless a new
> certificate is obtained from the medical authority in the form and manner,
> as may be
>
> prescribed and a copy thereof is furnished along with the return of income
> under section 139.
>
>
>
> [Explanation.For the purposes of this section,
>
>
>
> (a) 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 (1 of 1996)
>
> and includes autism, cerebral palsy and multiple disabilities 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 (44 of 1999);
>
>
>
> (b) 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 (1 of 1996) 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 (44 of 1999);
>
>
>
> (c) person with disability means a person referred to in clause (t) of
> section 2 of the Persons with Disabilities (Equal Opportunities,
> Protection of Rights
>
> and Full Participation) Act, 1995 (1 of 1996)
>
> 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
>
> (44 of 1999);
>
>
>
> (d) 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 (1 of 1996); 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 (44 of 1999)]
>
>
> Regards
> Mr. Sameer Latey,
> Mumbai, India
> ----- Original Message -----
> From: Padmanabham
> To: Voice vision group
> Sent: Sunday, November 08, 2009 9:03 AM
> Subject: [VV] quiry relating to income tax excemption
>
>
> hello Friends,
> I came to know from unofficial sources that the Government of India has
> increased the income tax excemption limit to Visually Impaired employees
> from rs 75000 to rs 100000. is it true?
> If so pl let me know the GO or Rule in which the afore provision has been
> done.
> thanks in advance
> padmanabam.mu...@gmail.com
>
> Padmanabham Muppa.
>
>
> ------------------------------------------------------------------------------
>
>
> _______________________________________________
> Voicevision mailing list
> voicevis...@blindinfo.org
> http://mail.blindinfo.org/mailman/listinfo/voicevision_blindinfo.org
>
>
>
> --------------------------------------------------------------------------------
>
>
> _______________________________________________
> Voicevision mailing list
> voicevis...@blindinfo.org
> http://mail.blindinfo.org/mailman/listinfo/voicevision_blindinfo.org
>
> ----- Original Message -----
> From: "Amiyo Biswas" <amiyo.bis...@gmail.com>
> To: <accessindia@accessindia.org.in>
> Sent: Thursday, December 03, 2009 12:45 PM
> Subject: [AI] Regarding S80U.
>
>
>> Hello,
>>
>> I need some document on the new provision of exemption of Rs. 100000
>> u/s80U of the Income Tax Act. The best thing would be a pdf document.
>> Otherwise some government web site will do. I searched for it awhile, but
>> without success. Can you hel?
>>
>>
>> With Best regards,
>> Amiyo Biswas.
>> Cell: 91-9433464329
>>
>>
>>
>>
>> To unsubscribe send a message to accessindia-requ...@accessindia.org.in
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>>
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>>
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>
>
>
>
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>
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