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Chapter VI –A (Deduction) Not available From LTCG, STCG u/s 111A, lottery income, races etc.
AY 2011-12 RAJ K AGRAWAL
000 (Sec. Superannuation Fund • NSC • 80C Individual /HUF Tuition Fees (for full time education of two children in India) • • 15 year PPF [Self. Unmarried) Contribution to Provident Fund.000 Up to ` 15. Available to • • Condition Deduction TAXATION Subscription to notified bond of NABARD DEDUCTIONS ≥5 years term deposit in bank/ Post office • • LIP – Self . Spouse.000 Up to ` 20. 80CCE) Payment towards Cost of purchase / construction of Residential property Including Repayment of housing loan (Only Principle Component) • Notified Unit of UTI.Sec.00. Spouse and Dependent Children Individual 80CC F Individual /HUF • Up to ` 20. Independent. Children (Minor)] Up to ` 1. Sister Medical Treatment of Specified disease of Self. Parent.00. Married. Mediclaim Policy of GIC paid by any mode other than cash or Central Government Health Scheme.) • 80CC C 80CC D Individual Senior Citizen Saving Scheme Deposit to Pension Fund of LIC or other insurer Deposit to Pension Fund Scheme Notified by CG (Employed by CG or other Employer) Up to 10% of Salary (Employer Contribution) Up to 10% of Salary (Employee Contribution) Long term Infrastructure Bond notified by CG Tenure of the Bond • A minimum period of 10 years The minimum lock in period for an investor shall be five years.000 (if any one is Senior Citizen) Up to ` 15. LIC • Subscription to Public Deposit Scheme of HUDCO (Housing & Urban Development Corporation Ltd. Brother.000 (if CA. Spouse. Mutual fund. 2 . • Insurance can be taken on the health of Self.000 (if any one is Senior Citizen) Fixed Deduction ` 50.000 Up to ` 20. Children (Dependent.000 or ` 1. Children. disability > 80%)` Up to ` 80D Individual /HUF • Insurance can be taken on the health of Parents (Father & Mother whether dependent or not) Resident 80DD Individual/ AY 2011-12HUF Maintenance including Medical Treatment of dependent with disability • Medical Treatment • Deposit in Scheme of LIC or other insurer in this behalf RAJ K AGRAWAL • • Disable dependent must not claim Deduction u/s 80U Spouse.
(i) National sports Fund set up by Govt. (l) Maharastra Chief Minister’s Earthquake Relief Fund. (s) Welfare trust for persons with Autism. (c) Africa (Public contribution-India) fund (d) National foundation for Communal Harmony. (o) Central Welfare fund for Army or Air Force or Indian Naval Benevolent Fund. (q) Fund for Technology Development and Application set up by Govt.’s Earthquake Relief fund. (p) Andhra Pradesh Chief ministers Cyclone Relief Fund. (m) The National Blood Transfusion Council or any State Blood Transfusion Council. 50% deduction will be allowed if donations made to(a) Jawaharlal Nehru Memorial Fund (b) Rajiv Gandhi Foundation AY 2011-12 RAJ K AGRAWAL 3 CA. (r) Chief Ministers Relief fund or Lieutenant governor’s Relief Fund of any State or Union Territory. 2. (b) Armenia Earthquake Relief fund.TAXATION Note: Deduction under section 80G (A) Donations eligible for deduction without any limit: 1.. (n) Any fund set up by a State Government to provide medical relief to the poor. (f) National Cultural Fund set up by government. . (j) Zila Sakaharta Samiti (k) An appkroved University or other educational institution of national eminence. DEDUCTIONS 100% Deduction will be allowed if donations are given to(a) Prime Minister’s National Relief Fund. Cerebral Palsy and Multiple Disabilities. (e) National illness Assistance Fund. (h) National Defence Fund set up by government. (g) Gujarat Govt.
TAXATION (c) Indira Gandhi Memorial Trust (d) National Children’s Fund (e) Prime Minister’s Drought Relief Fund DEDUCTIONS (B) Donations eligible for deduction subject to Qualifying limit (i. (d) To housing development authority or city / town / village development authority constituted in India by or under any law (e) Corporation for promoting interests of minority community as given under section 10(26BB) Available to Condition Project to be complet ed Deduction Sec. gurudwara.e. (b) To approved charitable institution. church or other place notified to be of historic / archaeological artistic importance or as a place of public worship of renown. for charitable purpose except promoting family planning. 2. 10% of Adjusted GTI): 1. (c) For renovation or repair of nay temple. mosque. 80IA AY 2011-12 RAJ K AGRAWAL 4 CA. 100% deduction shall be allowed subject to the qualifying amount if donations are made: (a) To government or any approved local authority. institution or association to be utilized for promoting family planning. which satisfies the conditions of section 80G (5). . or sponsorship thereof in India. (b) By company to Indian Olympic Association or other notified association / institution in India for development of infrastructure for sports and games. 50% deduction shall be allowed subject to the qualifying amount if donations are made: (a) To Government or any approved local authority.
3. inland Port or navigational channel in the sea Providing Telecommunication Service Any Assessee Maintains & Operates Industrial Park or SEZ Generation or distribution of Power (Includes Substantial Renovation i. bridge or a rail system Indian Company • Highway Project including housing • Water Supply Project .4. Inland waterways.3.04 (31. Reservation and Packaging of fruits & vegetables 31.e.TAXATION Developing.3. Maintaining. Operating. . Cigarettes Prohibited) Any Assessee Cold Chain Facility SSI in any Area Indian Company Any Assessee Hotel (old building eligible) in hilly area Hotel (old building eligible) in other area (except metro) Building.05 31. Infrastructure Facility DEDUCTIONS 100% for 10 AY out of 20 AY 100% for 10 AY out of 15 AY 100% for 5 AY 30% for 5 AY 100% for 10 AY 100% for 10 AY out of 15 AY 100% for 10 AY out of 15 AY 31.10 AY 100% -7 AY 100%.3.10 AY (30% in case of company) 50% . Storage and transportation of food grains Processing. Solid waste management System • A Port.201 2 100% . 80IB Industrial undertaking in Backward area (Production of Alcohol. Convention Center (Auditorium) *Old Building not eligible 31.05 Indian Company 31.3. new plant and Machinery > 50% of old P&M on 1.12 for J&K) 100% -5 AY 25% -5 AY (30% in case of company) 25%.5 AY (30% in case of company) AY 2011-12 RAJ K AGRAWAL 5 CA.05) Sec.10 AY 30% .5 AY • Road.10 AY 50% .5 AY 25% .05 4 years from end of FY in which approve d Any Assessee Construction and development of housing project 100% till sold Indian Company Any Assessee Scientific research & Industrial development Production or Refining of Mineral oil & Natural gas Handling . Airport.3. Toll road. Operating Multiplex Theatre. Owning. 80IAB Any Assessee Maintains & operates Industrial Park or SEZ (after 1.3.4.04) Laying and operating cross-country natural gas distribution network Sec.01 31.
TAXATION Hospital in Rural area (At least 100 beds) DEDUCTIONS 100% -5AY Sec.10 100% for 5 AY Accommodate visitors to Commonwealth games held in Oct 2010 Sec. Specified Area Construction Period Deduction Objective Production Up to 31.2007 to 31. 80IE Undertaking in North Eastern States (includes State of Sikkim also) (i) Manufacture or produce eligible article or thing (ii) Undertakes Substantial expansion (New P&M >25% of old P&M) (iii) Carry on eligible business – Hotel above 2 Star Category.2017 (v) Deduction – 100% for 10 AY AY 2011-12 RAJ K AGRAWAL 6 CA.3.4. Ghaziabad.07 31.12 Deduction 100% for 10 AY 100% for 5 AY 25% for 5 AY (30% in case of company) Hotel (2.07 to 31.4. . Faridabad. Information technology.3. Bio technology. Budh Nagar 1.4 Star).3. Old age home.7. 80ID Business. Convention Centre Delhi. Gurgoan. 80IC Undertaking in Special Category State • Manufacturing or producing eligible article or thing • Undertakes substantial expansion New P&M > 50% of old P&M (but before Depreciation) State Sikkim North eastern State Himachal Pradesh Uttaranchal Sec. Vocational training Institute for Hotel Management (iv) Period of Operation to Commence – 1.3. Nursing home >25 bed.
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