[AI] DEDUCTION UNDER SEC 80U AND EXEMPTION ON CONVEYANCE ALLOWANCE
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. . 5.5.7.2Deductions 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 compan
Re: [AI] DEDUCTION UNDER SEC 80U AND EXEMPTION ON CONVEYANCE ALLOWANCE
Dear Sir, Could you please upload or attach the circular and the medical certificate proforma in pdf format? Thanks and regards. On 2/28/14, bhawani shankar verma wrote: > 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. > > > . > > > > 5.5.7.2Deductions 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 refer
Re: [AI] DEDUCTION UNDER SEC 80U AND EXEMPTION ON CONVEYANCE ALLOWANCE
If u attach1pdf file along with it we keep it downloaded for further use. -Original message- From: bhawani shankar verma Sent: 28/02/2014, 7:41 pm To: access india Subject: [AI] DEDUCTION UNDER SEC 80U AND EXEMPTION ON CONVEYANCE ALLOWANCE 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. 5.5.7.2Deductions 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 t
Re: [AI] DEDUCTION UNDER SEC 80U AND EXEMPTION ON CONVEYANCE ALLOWANCE
attachments r prohibited on the list please upload on www.uppit.com will be highly gratified! On Sat, Mar 1, 2014 at 9:53 PM, Shivadas mattanur. wrote: > If u attach1pdf file along with it we keep it downloaded for further > use. > -Original message- > From: bhawani shankar verma > Sent: 28/02/2014, 7:41 pm > To: access india > Subject: [AI] DEDUCTION UNDER SEC 80U AND EXEMPTION ON CONVEYANCE ALLOWANCE > > > 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. > > > > > > 5.5.7.2Deductions 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)&
Re: [AI] DEDUCTION UNDER SEC 80U AND EXEMPTION ON CONVEYANCE ALLOWANCE
attachments are not allowed on the list. - Original Message - From: "Shivadas mattanur." To: "AccessIndia: a list for discussing accessibility and issuesconcerning the disabled." Sent: Saturday, March 01, 2014 9:53 PM Subject: Re: [AI] DEDUCTION UNDER SEC 80U AND EXEMPTION ON CONVEYANCE ALLOWANCE If u attach1pdf file along with it we keep it downloaded for further use. -Original message- From: bhawani shankar verma Sent: 28/02/2014, 7:41 pm To: access india Subject: [AI] DEDUCTION UNDER SEC 80U AND EXEMPTION ON CONVEYANCE ALLOWANCE 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. 5.5.7.2Deductions 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, Cer
