Re: [AI] Proposed Direct Tax Code
Section 80DD has also been retained in the proposed Direct Tax Code as section 71. The proposed section 71 is pasted below. Deduction in respect of maintenance of a disabled dependant 71. (1) A person, being an individual or a Hindu undivided family, shall be allowed a deduction in respect of - (a) any expenditure incurred during the financial year for the medical treatment, nursing or training and rehabilitation of a disabled dependant; or (b) any amount actually paid or deposited during the financial year under a scheme framed by any insurer and approved by the Board in this behalf, for the maintenance of a disabled dependant. (2) The amount of deduction under sub-section (1) shall not exceed in the aggregate - (a) one hundred thousand rupees, if the dependant is a person with severe disability; and (b) fifty thousand rupees, in any other case. (3) The deduction in respect of the amount referred to in clause (b) of sub-section (1) shall be allowed, if the scheme referred to therein provides for payment of annuity or lump sum amount for the benefit of the disabled dependant in the event of the death of the individual. (4) The person, claiming a deduction under this section, shall obtain a certificate issued by the medical authority in the prescribed form and manner. (5) The deduction under this section shall be allowed during the period of validity of the certificate referred to in sub-section (4). (6) The amount received by the person under the scheme referred to in clause (b) of sub-section (1) upon the disabled dependant predeceasing him shall be deemed to be the income of the person for the financial year in which the amount is received by him. (7) For the purposes of this section,-(a) "dependant" means the spouse, any child or any parent of the individual, or any member of the Hindu undivided family, if,-(i) he is mainly dependant on such individual, or Hindu undivided family, for his support and maintenance; and (ii) his annual income is less than twenty-four thousand rupees; (b) "disabled dependant" means a dependant who is referred to as person in,-(i) clause (t) of section 2 of the Persons with Disabilities (Equal Opportunities, Protection of Rights and Full Participation) Act, 1995; or (ii) clause (j) of section 2 of the National Trust for Welfare of persons with Autism, Cerebral Palsy, Mental Retardation and Multiple Disabilities Act, 1999; Regards Mr. Sameer Latey, Mumbai, India - Original Message - From: "pamnani" To: Sent: Wednesday, August 26, 2009 8:40 PM Subject: Re: [AI] Proposed Direct Tax Code thanks Sameer, what happens to the current 80Dd - Original Message - From: "Sameer Latey" To: Sent: Wednesday, August 26, 2009 11:19 Subject: Re: [AI] Proposed Direct Tax Code Dear Friend, We continue to enjoy the same benefits under the proposed Direct Tax Code. Section 79 of the proposed Code is similar to the present section 80U. I am pasting Section 79 below. Deduction in case of a person with disability 79. (1) A person shall be allowed a deduction of an amount specified in sub-section (2) subject to the conditions specified in sub-section (3). (2) The amount of deduction under sub-section (1) shall be - (a) one hundred thousand rupees, if he is a person with severe disability; and (b) fifty thousand rupees, if he is a person with disability. (3) The deduction under sub-section (1) shall be allowed, if the person - (a) is a resident individual; and (b) obtains a certificate from a medical authority in the prescribed form and manner. (4) The deduction under this section shall be allowed during the period of validity of the certificate referred to in sub-section (3). Regards Mr. Sameer Latey, Mumbai, India - Original Message - From: "Sakina Dhariwala" To: Sent: Wednesday, August 26, 2009 9:21 AM Subject: [AI] Proposed Direct Tax Code Hi friends I want to know about the future of V I persons under the Propose Direct Tax Code? Previously We were benifited under the section A T U for Rs.Seventy Five Thousand and for this year it is Rs. One Lakh. With warm regards Sakina. 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 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 To unsubscribe send a message to accessindia-requ...@accessindia.org.in with the subject unsubscribe. To change your sub
Re: [AI] Proposed Direct Tax Code
To all whether we are getting exemtion 75000/ /5 because our department is giving only 5/ other means we have to show the expenditour is thair any spcial orders kindly post to all plz . And if any enhancement of the limit of examtion plz post it sir thank u plz On Wed, Aug 26, 2009 at 9:16 PM, Mahesh Narasimhan Iyer < maheshde...@gmail.com> wrote: > Hi Access Indian friends, > It has been a while that I have written a mail because of my busy schedule. > It is great that such an informative conversation is taking place. > I personally do not know much of the benifits that V.I. persons can > avail from our system. It will be great if somebody can shed some > light in the said topic in detail. > Thanks in anticipation. > Take care > -- > Good friendship is like the relationship between eye & hand! If the > hand is hurt, the eye will cry! & when the eye cries, the hand will > wipe the tears!!! > With best regards, > Mahesh Narasimhan Iyer > Mobile No.: +91 9899353960 > E-Mails: maheshde...@gmail.com, mahesh_de...@rediffmail.com > Skype: maheshdel88 > > > On 8/26/09, Sakina Dhariwala wrote: > > Hi friends I want to know about the future of V I persons under the > Propose > > Direct Tax Code? > > Previously We were benifited under the section A T U for Rs.Seventy Five > > Thousand and for this year it is Rs. One Lakh. > > With warm regards Sakina. > > > > > > To unsubscribe send a message to accessindia-requ...@accessindia.org.inwith > > 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 accessindia-requ...@accessindia.org.inwith > 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 > -- Thanks, P.Krishnamurthy, Sr.Technician - B, MFF/GFF; ISRO SATELLITE CENTER, Vimanapura, Air port road BANGALORE - 560017 Off Ph : 25082098 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
Re: [AI] Proposed Direct Tax Code
Hi, could you provide the complete document onor off the list. regards, S. P. Sharma Lecturer, Political Science e-mail: surya.sharm...@gmail.com - Original Message - From: "Sameer Latey" To: Sent: Wednesday, August 26, 2009 10:49 AM Subject: Re: [AI] Proposed Direct Tax Code Dear Friend, We continue to enjoy the same benefits under the proposed Direct Tax Code. Section 79 of the proposed Code is similar to the present section 80U. I am pasting Section 79 below. Deduction in case of a person with disability 79. (1) A person shall be allowed a deduction of an amount specified in sub-section (2) subject to the conditions specified in sub-section (3). (2) The amount of deduction under sub-section (1) shall be - (a) one hundred thousand rupees, if he is a person with severe disability; and (b) fifty thousand rupees, if he is a person with disability. (3) The deduction under sub-section (1) shall be allowed, if the person - (a) is a resident individual; and (b) obtains a certificate from a medical authority in the prescribed form and manner. (4) The deduction under this section shall be allowed during the period of validity of the certificate referred to in sub-section (3). Regards Mr. Sameer Latey, Mumbai, India - Original Message - From: "Sakina Dhariwala" To: Sent: Wednesday, August 26, 2009 9:21 AM Subject: [AI] Proposed Direct Tax Code Hi friends I want to know about the future of V I persons under the Propose Direct Tax Code? Previously We were benifited under the section A T U for Rs.Seventy Five Thousand and for this year it is Rs. One Lakh. With warm regards Sakina. 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 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 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
Re: [AI] Proposed Direct Tax Code
thanks Sameer, what happens to the current 80Dd - Original Message - From: "Sameer Latey" To: Sent: Wednesday, August 26, 2009 11:19 Subject: Re: [AI] Proposed Direct Tax Code Dear Friend, We continue to enjoy the same benefits under the proposed Direct Tax Code. Section 79 of the proposed Code is similar to the present section 80U. I am pasting Section 79 below. Deduction in case of a person with disability 79. (1) A person shall be allowed a deduction of an amount specified in sub-section (2) subject to the conditions specified in sub-section (3). (2) The amount of deduction under sub-section (1) shall be - (a) one hundred thousand rupees, if he is a person with severe disability; and (b) fifty thousand rupees, if he is a person with disability. (3) The deduction under sub-section (1) shall be allowed, if the person - (a) is a resident individual; and (b) obtains a certificate from a medical authority in the prescribed form and manner. (4) The deduction under this section shall be allowed during the period of validity of the certificate referred to in sub-section (3). Regards Mr. Sameer Latey, Mumbai, India - Original Message - From: "Sakina Dhariwala" To: Sent: Wednesday, August 26, 2009 9:21 AM Subject: [AI] Proposed Direct Tax Code > Hi friends I want to know about the future of V I persons under the > Propose Direct Tax Code? > Previously We were benifited under the section A T U for Rs.Seventy Five > Thousand and for this year it is Rs. One Lakh. > With warm regards Sakina. > > > 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 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 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
Re: [AI] Proposed Direct Tax Code
Dear Friend, We continue to enjoy the same benefits under the proposed Direct Tax Code. Section 79 of the proposed Code is similar to the present section 80U. I am pasting Section 79 below. Deduction in case of a person with disability 79. (1) A person shall be allowed a deduction of an amount specified in sub-section (2) subject to the conditions specified in sub-section (3). (2) The amount of deduction under sub-section (1) shall be - (a) one hundred thousand rupees, if he is a person with severe disability; and (b) fifty thousand rupees, if he is a person with disability. (3) The deduction under sub-section (1) shall be allowed, if the person - (a) is a resident individual; and (b) obtains a certificate from a medical authority in the prescribed form and manner. (4) The deduction under this section shall be allowed during the period of validity of the certificate referred to in sub-section (3). Regards Mr. Sameer Latey, Mumbai, India - Original Message - From: "Sakina Dhariwala" To: Sent: Wednesday, August 26, 2009 9:21 AM Subject: [AI] Proposed Direct Tax Code Hi friends I want to know about the future of V I persons under the Propose Direct Tax Code? Previously We were benifited under the section A T U for Rs.Seventy Five Thousand and for this year it is Rs. One Lakh. With warm regards Sakina. 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 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
