3CD CLAUSE 26
PRESENTED BY
PRAKASH KUMAR SINGH
CA FINAL STUDENT
DEDUCTIONS UNDER
CHAPTER VI-A
FOR TAX AUDIT
(3CD)
Clause 26
•Section wise
details of
deduction , if any,
admissible under
chapter VIA
DETAILED DESCRIPTION OF EACH
DEDUCTION
SECTIONS
SECTION
REFERENCE
ELIGIBLE
ASSESEE
AMOUNT OF
DEDUCTION
80C
DEDUCTION IN INDIVIDUAL OR MAX. RS.
RESPECT OF LIC HUF
100000/PREMIUM,
CONTRIBUTION
S TO
PROVIDENT
FUND,
SUBSCRIPTION
TO CERTAIN
EQUITY SHARES
OR
DEBENTURES
SPECIAL
REMARKS
DETAILED DESCRIPTION EACH
DEDUCTION
SECTION
SECTION
REFERENCE
ELIGIBLE
ASSESSEE
80 CCC
DEDCTION IN
INDIVIDUAL
RESPECT OF
CONTRIBUTION
TO CERTAIN
PENSION
FUNDS
WHOLE
AMOUNT
DEPOSITED OR
PAID B`11UT
SUBJECT TO
MAX. OF RS.
100000/-
80 CCD
DED. IN
RESPECT OF
CONTRIBUTION
TO PENSION
SCHEME OF
CENTRAL
GOVERNMENT
AMOUNT NOT SALARY=BASIC+
EXCEEDING
DA(IF TERMS
10% OF SALARY OF
EMPLOYMENT
PROVIDE)
ANY
EMPLOYEES
(INDIVIDUAL)
OF ANY
EMPLOYER
AMOUNT OF
DEDUCTION
SPECIAL
REMRKS
AS PER SECTION 80CCE AGGREGATE AMOUNT OF DEDUCTIONS U/S 80C, 80CCC AND
80CCD SHALLNOT EXCEED RS. 100000/-
BOND HAS TAX
BONDING EFFECT
SECTION
SECTION
REFERENCE
ELIGIBLE
ASSESSEE
AMOUNT OF
DEDUCTION
SPECIAL
REMRKS
80CCF
DEDUCTION IN
RESPECT OF
INVESTMENT
IN LONG TERM
INFRASTRUCTU
RE BONDS
INDIVIDUAL OR
HUF (ANY
MEMBER OF
THAT HUF)
ACTUAL
INVESTMENT
BUT SUBJECT
TO MAX. OF RS.
20000
(ADDITIONAL
DEDUCTION)
THIS
DEDUCTION
WILL BE IN
ADDITION TO
EXISTING
AGGREGATE
DEDUCTION
OF RS.
100000/- U/S
80C TO 80CCC
MEDICLAIM INSURANCE PREMIA
SECTION
SECTION
REFERENCE
ELIGIBLE
ASSESSEE
AMOUNT OF
DEDUCTION
SPECIAL
REMRKS
80D
DEDUCTION IN
RESPECT OF
HEALTH
INSURANCE
PREMIA
(MEDICLAIM
INSURANCE
PREMIA)
INDIVIDUAL OR
HUF (ANY
MEMBER OF
THAT HUF)
ACTUAL
PREMIUM BUT
SUBJECT TO
MAX. OF RS.
20000 IN CASE
OF SENIOR
CITIZEN, MAX.
UPTO RS 15000
IN ANY OTHER
CASE
MODE OF
PAYMENT
OTHER THAN
CASH
FAMILY =THE
SPOUSE AND
DEPENDENT
CHILDREN
INDEPENDENT WILL GET BENEFIT OF DEPENDENT
SECTION
SECTION
REFERENCE
ELIGIBLE
ASSESSEE
AMOUNT OF
DEDUCTION
SPECIAL
REMRKS
80DD
DEDUCTION IN
RESPECT OF
MAINT.,
MEDICAL
TREATMENT OF
DEPENDENT
PERSON WITH
DISABILITY
RESIDENT
INDIVIDUAL OR
HUF (ANY
MEMBER OF
THAT HUF)
FOR SEVERE
DISABILITY RS.
75000/- AND
RS. 50000/FOR OTHER
DISABILITY
1.TO FURNISH
ALONGWITH
RETURN OF
INCOME A
COPY OF
CERTIFICATE
ISSUED BY
MEDICAL
AUTHORITY
2. DEPENDENT
=SPOUSE,
CHILDREN,
PARENTS,
BROTHERS,
SISTERS OR
ANY OF THEM
DEDUCTION U/S 80U HAS NOT BEEN CLAIMED BY DEPENDENT
UNDERSTAND VALUE OF MEDICAL TREATMENT
SECTION
SECTION
REFERENCE
ELIGIBLE
ASSESSEE
AMOUNT OF
DEDUCTION
SPECIAL
REMRKS
80DDB
DEDUCTION IN
RESPECT OF
MEDICAL
TREATMENT
RESIDENT
INDIVIDUAL OR
HUF (ANY
MEMBER OF
THAT HUF)
AMOUNT
ACTUALLY PAID
OR RS. 40000/WHICHEVER IS
LESS
BUT IN CASE
OF SENIOR
CITIZEN RS.
60000/ALLOWABLE
INSTEAD OF RS.
40000/-
1.TO FURNISH
ALONGWITH
RETURN OF
INCOME A
COPY OF
CERTIFICATE
FROM
SPECIALIST
2. DEPENDENT
=SPOUSE,
CHILDREN,
PARENTS,
BROTHERS,
SISTERS OR
ANY OF THEM
DEDUCTION TO BE REDUCED BY THE AMOUNT RECEIVED FROM INSURER OR
REIMBURSE BY AN EMPLOYER
EDUCATION AT ITS BEST
SECTION
SECTION
REFERENCE
ELIGIBLE
ASSESSEE
AMOUNT OF
DEDUCTION
SPECIAL
REMRKS
80E
DEDUCTION IN
RESPECT OF
INTEREST ON
LOAN TAKEN
FOR HIGHER
EDUCATION
INDIVIDUAL
PAYMENT OF
INTEREST ON
LOAN TAKEN
FOR HIGHER
EDUCATION
1.DEDUCTION
FOR 8
ASSESSMENT
YEARS
2. RELATIVE
=SPOUSE,
CHILDREN, THE
STUDENT FOR
WHOM THE
INDIVIDUAL IS
LEGAL
GUARDIAN
HIGHER EDUCATION MEANS ANY COURSE OF STUDY AFTER PASSING SENIOR
SECONDARY EXAMINATION
DONATE GENEREOUSLY TO GET TAX BENEFIT
SECTION
SECTION
REFERENCE
ELIGIBLE
ASSESSEE
80G
DEDUCTION IN ALL ASSESSEES
RESPECT OF
DONATIONS TO
CERTAIN
FUNDS,
CHARITABLE
INSTITUTAIONS
AMOUNT OF
DEDUCTION
SPECIAL
REMRKS
1.100%
WITHOUT
QUALIFYING
LIMIT
2. 50%
WITHOUT
QUALIFYING
LIMIT
3. 100% WITH
QUALIFYING
LIMIT
4. 50% WITH
QUALIFYING
LIMIT
1.QUALIFYING
LIMIT=10% OF
ADJUSTED
GROSS
TAXABLE
INCOME (AGTI)
2. AGIT= GTISTCG(111A)LTCG-ALL
DEDUCTIONS
UNDER
CHAPTER VIA
EXCEPT U/S
80G
CHARITABLE PURPOSE NOT INCLUDE WHOLE OR SUBSTANTIALLY WHOLE OF
RELIGIOUS NATURE AND DEDUCTION ALLOWED IF DONATION IS OF A SUM OF MONEY
ASSESSEE WITHOUSE HOUSE GET DEDUCTION
SECTION
SECTION
REFERENCE
ELIGIBLE
ASSESSEE
AMOUNT OF
DEDUCTION
SPECIAL
REMRKS
80GG
DEDUCTION IN
RESPECT OF
RENTS PAID
ONLY
INDIVIDUAL
LEAST OF
FOLLOWING
1. RENT PAID10% OF
AGTI
2. 25% OF
AGTI
3. MAX. OF
RS. 2000/PER
MONTH
1. APLICABLE
WHERE THE
ASSESSEE DOES
NOT OWN SELF
OCCUPIED
ACCOMODATIO
N
2. AGIT= GTISTCG(111A)LTCG-ALL
DEDUCTIONS
UNDER
CHAPTER VIA
EXCEPT U/S
80G
ASSESSEE NOT HAVING ANY INCOME FALLING U/S 10(13A)- HOUSE RENT ALLOWANCE
ENCOURAGEMENT TO WORLD OF POLITICS
SECTION
SECTION
REFERENCE
ELIGIBLE
ASSESSEE
AMOUNT OF
DEDUCTION
80GGA
DEDUCTION IN
RESPECT OF
DONATIONS
FOR SCIENTIFIC
RESEARCH OR
RURAL
DEVELOPMENT
ALL ASSESSEE
ANY SUM PAID
(100%)
SPECIAL
REMRKS
GTI OF ASSESSEE SHALL NOT INCLUDE ANY INCOME WHICH IS CHARGEABLE UNDER
HEAD “P OR G OF B OR P”
80GGB
DEDUCTION IN INDIAN
ANY SUM PAID
RESPECT OF
COMPANY
(100%)
CONTRIBUTION
BY COMPANIES TO
POLITICAL PARTIES
80GGC
DEDUCTION IN OTHER THAN ANY SUM PAID
EXCEPT LOCAL
RESPECT OF
INDIAN
(100%)
AUTHORITY OR
CONTRIBUTION COMPANY
EVERY
BY ANY PERSON TO
ARTIFICIAL
POLITICAL PARTIES
JUDICIAL PERSON
WASTE BECOME BEST
SECTION
SECTION
REFERENCE
ELIGIBLE
ASSESSEE
80JJA
DEDUCTION IN ALL ASSESSEES
RESPECT OF P
& G FROM B OF
COLLECTING &
PROCESSING
OF BIODEGRADABLE
WASTE
AMOUNT OF
DEDUCTION
100% OF SUCH
P & G FOR 5
CONSECUTIVE
ASSESSMENT
YEAR S
BEGINNING
WITH
ASSESSMENT
YEAR
RELEVANT TO
PREVIOUS
YEAR IN WHICH
SUCH
BUSINESS
COMMENCES
SPECIAL
REMRKS
NEW WORKER=NEW BENEFIT
SECTION
SECTION
REFERENCE
ELIGIBLE
ASSESSEE
80JJAA
DEDUCTION IN INDIAN
RESPECT OF
COMPANY
EMPLOYMENT
OF NEW
WORKMEN
(NEW REGULAR
WORKMEN)
AMOUNT OF
DEDUCTION
SPECIAL
REMRKS
30% OF ADD.
WAGES PAID
UPTO FIRST 3
ASSESSMENT
YEARS FROM
ASSESSMENT
YEAR IN WHICH
SUCH
EMPLOYMENT
PROVIDED
1.ASSESSEE
HAS TO
FURNISH WITH
ROI THE
REPORT OF THE
CHARTERED
ACCOUNTANT
2. NOT
FORMRD BY
SPILLITING UP
OR
RECONSTRUCTI
ON OR
AMALGAMATIO
N
BECOME AUTHOR
SECTION
SECTION
REFERENCE
ELIGIBLE
ASSESSEE
AMOUNT OF
DEDUCTION
SPECIAL
REMRKS
80QQB
DEDUCTION IN
RESPECT OF
ROYALTY
INCOME ETC.
OF AUTHORS
OF CERTAIN
BOOKS OTHER
THAN TEXTBOOKS
RESIDENT
INDIVIDUAL
1. ROYALTY
OR
COPYRIGHT
FEES OR RS.
300000/WHICHEVE
R IS LESS
2. IN CASE OF
SALES OF
BOOKS,
15% OF
VALUE OF
BOOKS
SOLD
1.IF INCOME
EARNED O/S
INDIA, SO
MUCH INCOME
AS BROUGT
WITHIN INDIA
AS PERMITTED
BY COMPETENT
AUTHORITY
2. NO
DEDUCTION IN
RESPECT OF
INCOME
UNDER ANY
OTHER
PROVISION
ASSESSEE SHALL FURNISH WITH ROI A CERTIFICATE DULY VERIFIED BY PERSON
RESPONSIBLE FOR PAYMENT AND TO FURNISH A CERTI. IF INCOME EARNED O/S
INDIA(2 SEPEARTE CETI)
ROYALTY ACHIEVE NEW HEIGHTS
SECTION
SECTION
REFERENCE
ELIGIBLE
ASSESSEE
AMOUNT OF
DEDUCTION
SPECIAL
REMRKS
80RRB
DEDUCTION IN
RESPECT OF
ROYALTY
PATENTS
RESIDENT
INDIVIDUAL
1. ROYALTY OR
RS.
300000/WHICHEVE
R IS LESS
1.IF INCOME
EARNED O/S
INDIA, SO
MUCH INCOME
AS BROUGT
WITHIN INDIA
AS PERMITTED
BY COMPETENT
AUTHORITY
2. NO
DEDUCTION IN
RESPECT OF
INCOME
UNDER ANY
OTHER
PROVISION
ASSESSEE SHALL FURNISH WITH ROI A CERTIFICATE DULY VERIFIED BY PERSON
RESPONSIBLE FOR PAYMENT AND TO FURNISH A CERTI. IF INCOME EARNED O/S
INDIA(2 SEPEARTE CETI)
SECTION
SECTION
REFERENCE
ELIGIBLE
ASSESSEE
AMOUNT OF
DEDUCTION
SPECIAL
REMRKS
80U
DEDUCTION IN
CASE OF A
PERSON WITH
DISABILITY
RESIDENT
INDIVIDUAL
IN CASE OF
ASSESSEE
SEVERE
SHALL
DISABILITY
FURNISH A
RS.
CERTIFICAT
100000/E FROM
(W.E.F.
MEDICAL
ASSESSMEN
AUTHORITY
T YEAR
WITH ROI
2010-2011
OR IN ANY
OTHER
CASES RS.
50000