Deduction under section 80u for A.Y 2016-17 for an individual??
2 Replies
CA Mehul Chudasama
(Chartered Accountant)
(618 Points)
Replied 28 January 2016
The Income Tax Act, 1961 provides deduction u/s. 80 in pursuance of which an individual (Indian citizen and foreign national) who is resident of India, and who suffers from not less than 40 per cent of any disability is eligible for deduction to the extent of Rs. 75,000/- and in case of severe disability to the extent of Rs. 1,25,000/-.
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