Aarav is in the Tulip division.
The boy will do well in his College viva exams. He very strongly stands up for a wrong amswer and will fight to prove it right!!!
Who can claim a deduction under section 80DD?
As per Section 80 Deductions,Tax Saving
Deduction under section 80DD of the income tax act is allowed to Resident Individuals or HUFs for a dependant
-who is differently abled and
– is wholly dependent on the individual (or HUF) for support & maintainance.
Below are the conditions you must meet to avail this deduction –
#Deduction is allowed for a dependant of the tax payer and not the tax payer himself.
#The taxpayer is not allowed this deduction if the dependant has claimed a deduction under section 80U for himself/herself.
#Dependant in case of an individual taxpayer means spouse, children, parents, brothers & sisters of the taxpayer.
#In case of an HUF means a member of the HUF.The taxpayer has incurred expenses for medical treatment (including nursing), training & rehabilitation of the differently abled dependant or the tax payer may have deposited in a scheme of LIC or another insurer for maintenance of the dependant
#Disability of the dependant is not less than 40%.Disability is as defined under section 2(i) of the Persons of Disabilities Act, 1995
When the above conditions are met amount of deduction allowed is –
Rs 50,000 (in financial year 2014-15) where disability is more than 40% and less than 80%Rs 1,00,000 (in financial year 2014-15)
where disability is more than 80%These deductions are allowed irrespective of your actual expenditure.
Do note that starting financial year 2015-16 – The deduction limit of Rs 50,000 has been raised to Rs 75,000 and Rs 1,00,000 has been raised to Rs 1,25,000.
For more on this...
As a parent what do you need to do??
> Contact your local govt hospital. For eg, Sassoon in Pune.
> Apply for and get the Disability certificate.
> send the disability certificate along with 80DDB details to your CA or the finance department if salaried.
The deduction will be applicable according to the % disability mentioned on the disability certificate.
Exemption from payment of Profession Tax under Section 27A of Profession Tax Act, Maharashtra State – Any person suffering from a permanent physical disability (including blindness), being a permanent physical disability specified in the rules made in this behalf by the State Government, which is certified by a physician, a surgeon or an oculist, as the case may be, working in a Government Hospital is exempt from Complete amount of professional tax payable. To Claim Exemption individual shall forward the certificate to employer who will produces the aforesaid certificate before the prescribed authority in respect of the first assessment year for which he claims deduction under the act. Since Profession Tax is a Matter of state government so a disabled person working in as state where profession tax is applicable can check the respective profession tax law of their state to check if profession tax exemption is exist for them or not. In India In most states the Professional tax is exempted for disable person.
Read Below article for Profession Tax Rates Applicable in Maharashtra and also about exemption from Profession tax in Maharashtra to Handicapped Person with more than 40 % disability or parent of a physically disabled or mentally retarded child – New Profession Tax Rates in Maharashtra & Provisions
- See more at:
What can a parent do??
Send the disability certificate of your dependant to your finance dept / CA.
Under the above rule you need not pay the professional tax.
This is over and above 80DDB deduction.