06 November 2009
The limit of Rs.75000 has been increased to Rs.100000 with effect from the AY 2010-2011. Kindly refer to Direct tax Ready reckoner it is clearly mentioned.
06 November 2009
www.income taxindia.gov.in Section 80U
The following proviso shall be inserted after the existing proviso of sub-section (1) of section 80U by the Finance (No. 2) Act, 2009, w.e.f. 1-4-2010 :
Provided further that for the assessment years beginning on or after the 1st day of April, 2010, the provisions of the first proviso shall have effect as if for the words seventy-five thousand rupees, the words one lakh rupees had been substituted.
CAclubindia
