Deduction around Point 80GGC
When the older persons otherwise extremely senior citizens lead money so you can a beneficial political group otherwise a keen electoral faith, the newest contribution could well be desired since the a deduction significantly less than Section 80GGC.
Deduction not as much as Part 80RRB
In the event that a citizen senior citizen or very senior has a great entered patent and earns royalty revenues for the such as patents, brand new royalty received was greeting due to the fact a great deduction out-of taxable earnings. The maximum amount of royalty which would end up being greet as good deduction might possibly be simply for INR step three lakhs. More over, so you can allege new deduction, the second requirements are going to be fulfilled from the senior or extremely senior citizen –
- They would be an Indian resident
- They need to have inserted the fresh new patent into the otherwise once initially beneath the Patents Act 1970
- To claim the fresh deduction this new senior otherwise super senior citizen would have to fill in a certificate(Form-10CCE) for the taxation bodies as well as the certification should be finalized by the new given government
- The new senior citizen or very senior citizen must be the patentee
Deduction below Area 80TTB
If for example the resident senior citizen or super senior has made dumps for the a lender or post office, the interest earned into the for example dumps, including attention off checking account, fixed put techniques and you will post-office put strategies was invited given that a great deduction in the possession of of your own senior. Deduction into the appeal income generated could well be simply for INR 50,000.
Deduction under Part 80U
The latest deduction not as much as Part 80U is present in order to resident older persons otherwise very elderly people who are suffering from a handicap otherwise mental retardation. „Donation during the money is prohibited once the deduction“ weiterlesen