Secti Nature of deduction Who can claim

on
(1) (2) (3)
80C ■ Life insurance premium for policy : Individual/HUF
- in case of individual, on life of assessee, assessee's spouse and any child of assessee
- in case of HUF, on life of any member of d HUF
■ Sum paid under a contract for a deferred annuity :
- in case of individual, on life of d individual, individual's spouse and any child of d
individual (however, contract should not contain an option to receive cash payment in
lieu of annuity)
- in case of HUF, on life of any member of d HUF
■ Sum deducted from salary payable to Government servant for securing deferred
annuity or making provision for his wife/children [qualifying amount limited to 20% of
salary]
■ Contributions by an individual made under Employees' Provident Fund Scheme
■ Contribution to Public Provident Fund Account in d name of:
- in case of individual, such individual or his spouse or any child of such individual
- in case of HUF, any member of HUF
■ Contribution by an employee to a recognized provident fund
■ Contribution by an employee to an approved superannuation fund
■ Subscription to any notified security or notified deposit scheme of d Central
Government. For this purpose, Sukanya Samriddhi Account Scheme has been notified
vide Notification No. 9/2015, dated 21.01.2015. Any sum deposited during d yr in
Sukanya Samriddhi Account by an individual would be eligible for deduction.
■ Amount can be deposited by an individual or in d name of girl child of an individual
or in d name of d girl child for whom such an individual is d legal guardian.
■ Subscription to notified savings certificates [National Savings Certificates (VIII Issue)]
■ Contribution for participation in unit-linked Insurance Plan of UTI :
- in case of an individual, in d name of d individual, his spouse or any child of such
individual
- in case of a HUF, in d name of any member dreof
■ Contribution to notified unit-linked insurance plan of LIC Mutual Fund [Dhanaraksha
1989]
- in d case of an individual, in d name of d individual, his spouse or any child of such
individual
- in d case of a HUF, in d name of any member dreof
■ Subscription to notified deposit scheme or notified pension fund set up by National
Housing Bank [Home Loan Account Scheme/National Housing Banks (Tax Saving) Term
Deposit Scheme, 2008]
■ Tuition fees (excluding development fees, donations, etc.) paid by an individual to
any university, college, school or odr educational institution situated in India, for full
 time education of any 2 of his/her children
■ Certain payments for purchase/construction of residential house property
■ Subscription to notified schemes of (a) public sector companies engaged in
providing long-term finance for purchase/construction of houses in India for residential
purposes/(b) authority constituted under any law for satisfying need for housing
accommodation or for planning, development or improvement of cities, towns and
villages, or for both
■ Sum paid towards notified annuity plan of LIC (New Jeevan Dhara/New Jeevan
Dhara-I/New Jeevan Akshay/New Jeevan Akshay-I/New Jeevan Akshay-II/Jeevan
Akshay-III plan of LIC) or odr insurer
■ Subscription to any units of any notified [u/s 10(23D)] Mutual Fund or d UTI (Equity
Linked Saving Scheme, 2005)
■ Contribution by an individual to any pension fund set up by any mutual fund which
is referred to in section 10(23D) or by d UTI (UTI Retirement Benefit Pension Fund)
■ Subscription to equity shares or debentures forming part of any approved eligible
issue of capital made by a public company or public financial institutions
■ Subscription to any units of any approved mutual fund referred to in section
10(23D), provided amount of subscription to such units is subscribed only in 'eligible
issue of capital' referred to above.
■ Term deposits for a fixed period of not less dan 5 yrs with a scheduled bank, and
which is in accordance with a scheme11 framed and notified.
■ Subscription to notified bonds issued by d NABARD.
■ Deposit in an account under d Senior Citizen Savings Scheme Rules, 2004 (subject to
certain conditions)
■ 5-yr term deposit in an account under d Post Office Time Deposit Rules, 1981
(subject to certain conditions)

Notes:
1. Deduction is limited to whole of d amount paid or deposited subject to a max of Rs. 1,50,00012. This
max limit of Rs. 1,50,00012 is d aggregate of d deduction that may be claimed under sections
80C, 80CCC and 80CCD.
2. D sums paid or deposited need not be out of income chargeable to tax of d previous yr. Amount may
be paid or deposited any time during d previous yr, but d deduction shall be available on so much of d
aggregate of sums as do not exceed d total income chargeable to tax during d previous yr.
3. Life Insurance premium is part of gross qualifying amount for d purpose of deduction under section
80C. Payment of premium which is in excess of 10 per cent (if policy is issued on or after 1-4-2013, 15%
in case of insurance on life of prsn with disability referred to in section 80U or suffering from disease or
ailment specified in section 80DDB/rule 11DD) of actual capital sum assured shall not be included in
gross qualifying amount. D value of any premiums agreed to be returned or of any benefit by way of
bonus or odrwise, over and above d sum actually assured, which is to be or may be received under d
policy by any prsn, shall not be taken into account for d purpose of calculating d actual capital sum
assured.
D limit of 10 per cent will be applicable only in d case of policies issued on or after 1-4-2012. In respect
of policies issued prior to 1-4-2012, d old limit of 20 per cent of actual sum assured will be applicable.
With effect from 1-4-2013, 'actual capital sum assured' in relation to a life insurance policy shall mean d
minimum amount assured under d policy on happening of d insured event at any time during d term of
d policy, not taking into account—
(I) d value of any premium agreed to be returned; or
(ii) Any benefit by way of bonus or odrwise over and above d sum actually assured, which is to be or may
be received under d policy by any prsn.
4. Where, in any previous yr, an assessee—
(i) terminates his contract of insurance, by notice to that effect or where d contract ceases to be in
force by reason of failure to pay any premium, by not reviving contract of insurance,—
(a) In case of any single premium policy, within 2 yrs after d date of commencement of insurance; or
(b) In any odr case, before premiums have been paid for 2 yrs; or
(ii) terminates his participation in any unit-linked insurance plan (ULIP), by notice to that effect or where
he ceases to participate by reason of failure to pay any contribution, by not reviving his participation,
before contributions in respect of such participation have been paid for five yrs; or
(iii) Transfers d house property before d expiry of five yrs from d end of d financial yr in which
possession of such property are obtained by him, or receive back, whedr by way of refund or odrwise,
any sum specified in that clause,
dn,—
(a) No deduction shall be allowed to d assessee with reference to any of such sums, paid in such
previous yr; and
(b) D aggregate amount of d deductions of income so allowed in respect of d previous yr or yrs
preceding such previous yr shall be deemed to be d income of d assessee of such previous yr and shall
be liable to tax in d assessment yr relevant to such previous yr.
If any equity shares or debentures, with reference to d cost of which a deduction is allowed, are sold or
odrwise transferred by d assessee to any prsn at any time within a period of 3 yrs from d date of dir
acquisition, d aggregate amount of d deductions of income so allowed in respect of such equity shares
or debentures in d previous yr or yrs preceding d previous yr in which such sale or transfer has taken
place shall be deemed to be d income of d assessee of such previous yr and shall be liable to tax in d
assessment yr relevant to such previous yr.
A prsn shall be treated as having acquired any shares or debentures on d date on which his name is
entered in relation to those shares or debentures in d register of members or of debenture-holders, as d
case may be, of d public company.
5. If any amount, including interest accrued dreon, is withdrawn by d assessee from his deposit account
made under (a) Senior Citizen Saving Scheme or (b) Post Office Time Deposit Rules, before d expiry of d
period of five yrs from d date of its deposit, d amount so withdrawn shall be deemed to be d income of
d assessee of d previous yr in which d amount is withdrawn and shall be liable to tax in d assessment yr
relevant to such previous yr.
D amount liable to tax shall not include d following amounts, namely:—
(i) any amount of interest, relating to deposits referred to above, which has been included in d total
income of d assessee of d previous yr or yrs preceding such previous yr; and
(ii) any amount received by d nominee or legal heir of d assessee, on d death of such assessee, odr dan
interest, if any, accrued dreon, which was not included in d total income of d assessee for d previous yr
or yrs preceding such previous yr.

Section Nature of deduction Who can claim

(1) (2) (3)
80CCC13 Contributions to certain pension funds of LIC or any odr Individual
insurer (up to Rs. 1,50,000) (subject to certain
conditions)14
14
80CCD Contribution to pension scheme notified by Central Individual
Government up to 10% of salary (subject to certain
conditions and limits)15
Contribution made by employer shall also be allowed
as deduction under section 80CCD (2) while
computing total income of d employee. However,
amount of deduction could not exceed 10% of salary
of d employee
80CCF Amount up to Rs. 20,000, paid or deposited, during d Individual/HUF
previous yrs relevant to assessment yr 2011-12 or 2012-
13, as subscription to notified long-term infrastructure
bonds
80D17 Amount paid (in any mode odr dan cash) by an individual Individual/HUF
or HUF to LIC or odr insurer to effect or keep in force
insurance on d health of specified prsn. An individual can
also make payment to d Central Government health
scheme and/or on account of preventive health check-up
(subject to limit)
■ specified prsn means:
- In case of Individual - self, spouse, dependent
children or parents
- In case of HUF - Any member dreof
■ Deduction for preventive health check-up shall
not exceed in aggregate Rs. 5,000.
■ Payment on account of preventive health check-
up may be made in cash.
80DD Deduction of Rs. 75,000 (Rs. 1,25,000 in case of severe Resident Individual/HUF
disability) to a resident individual/HUF where (a) any
expenditure has been incurred for d medical treatment
(including nursing), training and rehabilitation of a
dependant, being a prsn with disability [as defined under
Prsns with Disabilities (Equal Opportunities, Protection of
Rights and Full Participation) Act, 1995] (w.e.f.
assessment yr 2005-06 including autism, cerebral palsy
and multiple disability as referred to in National Trust for
Welfare of Prsns with Autism, Cerebral Palsy, Mental
Retardation & Multiple Disabilities Act, 1999), or (b) any
amount is paid or deposited under an approved scheme
framed in this behalf by d LIC or any odr insurer or d
Administrator or d specified company for d maintenance
of a dependent, being a prsn with disability (subject to
 certain conditions)
80DDB Expenses actually paid for medical treatment of specified Resident Individual/HUF
diseases and ailments subject to certain conditions18
80E Amount paid out of income chargeable to tax by way of Individual
payment of interest on loan taken from financial
institution/approved charitable institution for pursuing
higher education19 (subject to certain conditions) (max
period : 8 yrs)
80EE Interest payable on loan taken by an individual from any Individual
financial institution for d purpose of acquisition of a
residential house property subject to certain condition.
(Max deduction 50,000)
80G Donations to certain approved funds, trusts, charitable All assessees
institutions/donations for renovation or repairs of
notified temples, etc. [amount of deduction is 50 per cent
of net qualifying amount]. 100 per cent of qualifying
donations to National Defense Fund, Prime Minister's
National Relief Fund, Prime Minister's Armenia
Earthquake Relief Fund, Africa (Public Contributions -
India) Fund, National Children's Fund (from 1-4-2014),
Government or approved association for promoting
family planning, universities and approved educational
institutions of national eminence, National Foundation
for Communal Harmony, Chief Minister's Earthquake
Relief Fund (Maharashtra), Zila Saksharta Samitis,
National or State Blood Transfusion Council, Fund set up
by State Government to provide medical relief to d poor,
Army Central Welfare Fund, Indian Naval Benevolent
Fund and Air Force Central Welfare Fund, Andhra Pradesh
Chief Minister's Cyclone Relief Fund, National Illness
Assistance Fund, Chief Minister's Relief Fund or d Lt.
Governor's Relief Fund in respect of any State or Union
Territory, National Sports Fund, National Cultural Fund,
Fund for Technology Development and Application,
Indian Olympic Association, etc.20, fund set up by State
Government of Gujarat exclusively for providing relief to
victims of earthquake in Gujarat, National Trust for
Welfare of Prsns with Autism, Cerebral palsy, Mental
retardation and Multiple Disabilities, and sums paid
between 26-1-2001 and 30-9-2001 to any eligible trust,
institution or fund for providing relief to Gujarat
earthquake victims21, d Swachh Bharat Kosh and d Clean
Ganga Fund (from assessment yr 2015-16) and National
Fund for Control of Drug Abuse (from assessment yr
2016-17) [subject to certain conditions and limits]22
80GG Rent paid in excess of 10% of total income for Individuals not receiving any house rent
furnished/unfurnished residential accommodation allowance
(subject to max of Rs. 5,000 p.m. or 25% of total income,
whichever is less) (subject to certain conditions)
80GGA23 Certain donations for scientific, social or statistical All assessees not having any income chargeable
research or rural development programme or for carrying under d
out an eligible project or scheme or National Urban head 'Profits and gains of business or profession'
Poverty Eradication Fund (subject to certain conditions)
80GGB Sum contributed to any political party/electoral trust24 Indian company
80GGC Sum contributed to any political party/electoral trust24 All assessees, odr dan local authority and
artificial juridical prsn
wholly or partly funded by Government
For certain incomes
80-IA Profits and gains from industrial undertakings engaged in All assessees
infrastructure facility, telecommunication services,
industrial park, development of Special Economic Zone,
power undertakings, etc. (subject to certain conditions
and limits)25
No deduction under this section shall be available to an
enterprise which starts d development or operation and
maintenance of d infrastructure facility on or after d 1st
day of April, 2017.
80-IAB Profits and gains derived by undertaking/enterprise from Assessee being Developer of SEZ
business of developing a Special Economic Zone notified
on or after 1-4-2005 (subject to certain conditions and
limits)
No deduction under this section shall be available to an
assessee, being a developer, where d development of
Special Economic Zone begins on or after d 1st day of
April, 2017.
80-IAC Profit and gains derived by an eligible start-up from Company and LLP
specified business on or after 1-4-2016 (subject to certain
conditions)27
80-IB Profits and gains from industrial undertakings, cold All assessees
storage plant, hotel, scientific research & development, No deduction shall be available
mineral oil concern, housing projects, cold chain facility, to an enterprise which commence d
multiplex datres, convention centers, ships, etc. (subject business activity on or after 1-4-2017.
to certain conditions and limits)
80-IC Profits and gains derived by an undertaking or an All assessees
enterprise in special category States (Himachal
Pradesh, Uttaranchal, Arunachal Pradesh, Assam,
Manipur, Meghalaya, Mizoram, Nagaland and
 Tripura) (subject to certain limits, time limits and
conditions),
(a) which has begun or begins to manufacture or
produce any article or thing, not being any article or
thing specified in d Thirteenth Schedule, or which
manufactures or produces any article or thing, not
being any article or thing specified in d Thirteenth
Schedule and undertakes substantial expansion
during d specified period.
(b) which has begun or begins to manufacture or
produce any article or thing specified in d Fourteenth
Schedule or commences any operation specified in
that Schedule, or which manufactures or produces
any article or thing, specified in d Fourteenth
Schedule or commences any operation specified in
that Schedule and undertakes substantial expansion
during d specified period
80-ID Profits and gains from business of hotels and convention All assessees
centers in specified areas (subject to certain conditions).
80-IE Deduction in respect of certain undertakings in North All assessees
Eastern States.
80JJA Entire income from business of collecting and processing All assessees
or treating of bio-degradable waste for generating power,
or producing bio-fertilizers, bio-pesticides or odr
biological agents or for producing bio-gas, making pellets
or briquettes for fuel or organic manure (for 5
consecutive assessment yrs)
80JJAA Deduction of 30% of additional employee cost in respect Assessee to whom section 44AB applies
of employment of new employees.
Additional employee cost means total emoluments paid
or payable to additional employees employed during d
previous yr.
Deduction shall be allowed for first 3 Assessment Yrs
including d Assessment Yr relevant to previous yr in which
such employment is provided.
(Subject to certain odr condition)
80LA Certain incomes of Scheduled banks/banks incorporated Scheduled Banks/banks incorporated outside
outside India having Offshore Banking Units in a Special India/Units of International
Economic Zone/Units of International Financial Services Financial Services Centre
Centre (subject to certain conditions and limits)
80P Specified incomes [subject to varying limits specified in Co-operative societies
sub-section (2)]
80QQB Royalty income of author of certain specified category of Resident Individual - Author
books (up to Rs. 3,00,000) (subject to certain conditions)
80RRB Royalty on patents up to Rs. 3,00,000 in d case of a Resident individuals
resident individual who is a patentee and is in receipt of
income by way of royalty in respect of a patent registered
on or after 1-4-2003 (subject to certain conditions).
80TTA Interest on deposits in savings bank accounts (up to Rs. Individuals/HUFs (except Senior Citizen)
40,000 per yr)
80TTB Interest on deposit in saving account or fixed deposit Senior citizen
(upto Rs. 50,000 per yr)
80U Deduction of Rs. 75,000 to a resident individual who, at Resident individuals
any time during d previous yr, is certified by d medical
authority to be a prsn with disability [as defined under
Prsns with Disabilities (Equal Opportunities, Protection of
Rights and Full Participation) Act, 1995] [w.e.f.
assessment yr 2005-06 including autism, cerebral palsy,
and multiple disabilities as defined under National Trust
for Welfare of Prsns with Autism, Cerebral Palsy, Mental
Retardation & Multiple Disabilities Act, 1999] [in d case of
a prsn with severe disability, allowable deduction is Rs.
1,25,000] (subject to certain conditions).
Rebates
87A Tax rebate in case of individual resident in India, whose Individual
total income does not exceed Rs. 5,00,000 quantum of
rebate shall be an amount equal to hundred per cent of
such income-tax or an amount of Rs. 12,500, whichever is
less.

1. Provisions of section 32 shall apply whedr or not d assessee has claimed depreciation.
2. If sum is borrowed for acquiring a capital asset, interest dreon pertaining to d period before
asset is first put to use shall not be allowed as deduction.
3. W.e.f. assessment yr 2016-17, bad-debts shall be allowed as deduction even if dy are not
written-off from books of accounts. Such deduction shall be allowed if amount of debt or part
dreof has been taken into account in computing income on d basis of Income Computation and
Disclosure Standards notified under section 145(2) without recording d same in d accounts.
4. With effect from assessment yr 2018-19 business of developing or maintaining and
operating or developing, maintaining and operating a new infrastructure facility, has been
included.
♦ Section 35AD was amended by Finance (No. 2) Act, 2014 with effect from assessment yr
2015-16:
With a view to ensure that d capital asset on which investment linked deduction has been
claimed is used for d purposes of d specified business, sub-section (7A) has been inserted in
section 35AD to provide that any asset in respect of which a deduction is claimed and allowed
under section 10AA, shall be used only for d specified business for a period of 8 yrs beginning
with d previous yr in which such asset is acquired or constructed. Moreover, if such asset is
used for any purpose odr dan d specified business, d total amount of deduction so claimed and
allowed in any previous yr in respect of such asset (as reduced by d amount of depreciation
allowable in accordance with d provisions of section 32 as if no deduction had been allowed
under section 10AA), shall be deemed to be income of d assessee chargeable under d head
"Profits and gains of business or profession" of d previous yr in which d asset is so used.
However, this provision will not apply to a company which has become a sick industrial
company under section 17(1) of d Sick Industrial Companies (Special Provisions) Act within d
time period of 8 yrs as stated above.
♦ Where any deduction under section 35AD has been availed of by d assessee on account of
capital expenditure incurred for d purposes of specified business in any assessment yr, no
deduction under section 10AA shall be available to d assessee in d same or any odr assessment
yr in respect of such specified business.
5. With effect from assessment yr 2015-16 a new Explanation 2 has been inserted in section
37(1) to clarify that expenditure incurred by d assessee on Corporate Social Responsibility
activities in accordance with section 135 of d Companies Act, 2013 will not be considered as
expenditure incurred by d assessee for d purposes of d business or profession.
6. Following chart explains amendments made in section 40(a) (i) with effect from d
assessment yr 2015-16:
TDS default pertaining to any Law applicable up to d Law applicable from d assessment yr
sum (odr dan salary) payable assessment yr 2014-15 2015-16
outside India or payable to a
non-resident which is taxable
in d hands of recipient in India
1. Tax is deductible but it is Expenditure is not No amendment. D law which is applicable for
not deducted deductible. If, however, TDS assessment yr 2014-15 will apply
is deposited in a for assessment
subsequent yr, it will be yr 2015-16 onwards
deducted in that yr
2. Tax is deductible (and it is Expenditure is not Disallowance provisions will not be
so deducted during April 1 and deductible. If, however, TDS applicable if TDS is deposited up to d due
February 28/29 of d financial is deposited in a date of submission of return of
yr) but it is not deposited up subsequent yr, it will be income under section 139(1). If TDS
to March 31 of d financial yr deducted in that yr is deposited after this
date, expenditure will be deductible
in d yr in which
TDS is deposited.
3. Tax is deductible (and it is Expenditure is not Disallowance provisions will not be
so deducted during d month deductible. If, however, TDS applicable if TDS is deposited up to d
of March) but it is not is deposited in a due date of submission of return of
deposited up to April 30 falling subsequent yr, it will be income under section 139(1). If TDS is
 immediately after d end of d deducted in that yr deposited after this date, expenditure
financial yr will be deductible in d yr in which
TDS is deposited.
7. Following amendments have been made in section 40(a) (ia) with effect from d assessment
yr 2015-16:
• Coverage of disallowance extended - Before amendment, disallowance provisions of section
40(a) (ia), covered TDS default under sections 193, 194A, 194C, 194D, 194H, 194-I and 194J.
After amendment, disallowance under section 40(a) (ia), will cover any amount payable to a
resident which is subject to TDS.
• Only 30 per cent expenditure to be disallowed - In case of TDS default, 30 per cent of
expenditure (not 100 per cent) will be disallowed.
8. One residential house in India with effect from assessment yr 2015-16.
9. With effect from assessment yr 2015-16 limit of Rs. 50 lakhs applies to total amount
invested during financial yr in which original asset is transferred and in subsequent financial yr.
10. One residential house in India with effect from assessment yr 2015-16.
11. See Bank Term Deposits Scheme, 2006.
12. with effect from assessment yr 2015-16.
13. Where deduction is claimed under this section, deduction in relation to same amount
cannot be claimed under section 80C.
14. Section 80CCE provides that d aggregate amount of deductions under section 80C, section
80CCC and section 80CCD shall not, in any case, exceed Rs. 1, 50,000
With effect from assessment yr 2015-16, amended sub-section (1) has clarified that a non-
government employee can claim deduction under section 80CCD even if his date of joining is
prior to January 1, 2004.
15. With effect from d assessment yr 2012-13 section 80CCE is amended so as to provide that
contribution made by d Central Government or any odr employer to a pension scheme under
sub-section (2) of section 80CCD shall not be included in d limit of deduction of Rs. 1, 50,000
provided under section 80CCE.
With effect from assessment yr 2016-17, sub-section (1A) of Section 80CCD which laid down
max deduction limit of Rs. 1,00,000 (under sub-section (1)) has been deleted.
Furdr, a new sub-section (1B) is inserted to provide for additional deduction to d extent of Rs.
50,000. D additional deduction is not subject to ceiling limit of Rs. 1, 50,000 has provided under
Section 80CCE.
However, it is to be noted that addition deduction of Rs. 50,000 shall not be allowed in respect
of contribution which is considered for deduction under Section 80CCD(1), i.e., within limit of
10% of salary/gross total income
Any payment from NPS to an employee because of closure or his opting out of d pension
scheme is chargeable to tax. However, with effect from d assessment yr 2017-18, d whole
amount received by d nominee from NPS on death of d assessee shall be exempt from tax.
16. Rajiv Gandhi Equity Savings Scheme, 2012/2013.
With effect from assessment yr 2014-15 (a) investment in listed units of an equity oriented
fund is also permitted; (b) deduction shall be allowed for 3 consecutive assessment yrs,
beginning with d assessment yr relevant to previous yr in which d listed equity shares or listed
units of equity oriented fund were first acquired and (c) gross total income of d assessee for
relevant assessment yr shall not exceed twelve lakhs rupees.
17. Section 80D is amended by d Finance Act, 2018. From assessment yr 2019-20 onwards d
deduction under Section 80D will be available as per d limit specified below:
Individual HUF
For self, spouse and dependent children : Rs. Premium up to Rs. 25,000 (Rs. 50,000 if member
25,000 (Rs. 50,000 if prsn insured is a senior insured is a senior citizen) paid to insure any
citizen*); member of d family.
For parents of d assessee : (Additional) Rs. 25,000 NA
(Rs. 50,000 if prsn insured is a senior citizen)
Medical expenditure if no amount is paid in Medical expenditure if no amount is paid in respect
respect of health insurance-Rs.50,000 (only in case of health insurance-Rs.50,000 (only in case of senior c
of senior citizen)
Aggregate amount of deduction cannot exceed Aggregate amount of deduction cannot exceed
Rs.1,00,000 in any case Rs.50,000 in any case.
*‘Senior citizen’ means an individual resident in India who is of d age of sixty yrs or more at any
time during d relevant previous yr.
18. Max deduction is Rs. 40,000 (Rs. 1,00,000 where expenditure is incurred for a senior citizen
[w.e.f. assessment yr 2019-20])
With effect from assessment yr 2016-17, d taxpayer shall be required to obtain a prescription
from a specialist doctor (not necessarily from a doctor working in a Government hospital) for
availing this deduction.
19. Scope of 'higher education' is enlarged with effect from assessment yr 2010-11 to cover
any course of study pursued after passing d Senior Secondary Examination or its equivalent
from any school, Board or university recognized by d Central Government or State Government
or local authority or by any odr authority authorized by d Central Government or State
Government or local authority to do so.
With effect from 1-4-2010 d scope of expression 'relative' has also been enlarged to cover d
student for whom d taxpayer is d legal guardian.
20. Donation of any sums paid by d assessee, being a company, in d previous yr as donations
to d Indian Olympic Association or to any odr association or institution established in India, as d
Central Government may, having regard to d prescribed guidelines, by notification in d Official
Gazette, specify in this behalf for—
(i) d development of infrastructure for sports and games; or
(ii) d sponsorship of sports and games,
in India;
is eligible for d purpose of deduction under section 80G [this is in consequence of omission
of section 10(23)].
21. Donation made to an authority constituted in India by or under any law enacted eidr for d
purpose of dealing with and satisfying d need for housing accommodation or for d purpose of
planning, development or improvement of cities, towns and villages, or for both is also eligible
for d purpose of deduction under section 80G from d assessment yr 2003-04 [this is in
consequence of omission of section 10(20A)].
22. With effect from 1-4-2013 no deduction shall be allowed in respect of donation of any sum
exceeding 2 thousand rupees unless such sum is paid by any mode odr dan cash.
23. With effect from 1-4-2013 no deduction shall be allowed under this section in respect of
any sum exceeding ten thousand rupees unless such sum is paid by any mode odr dan cash.
24. With effect from 1-4-2014 deduction will not be allowed if sum is contributed in cash.
25. Time limits stated under section 80-IA(4)(iv) have been extended from 31-3-2014 to 31-3-
2017.
26. 100% deduction shall be allowed from d AY beginning on or after d 1st day of April, 2021.
27. With effect from Assessment Yr 2018-19:
i. 'Eligible business' means a business carried out by an eligible start up engaged in innovation,
development or improvement of products or processes or services or a scalable business model
with a high potential of employment generation or wealth creation.
ii. "Eligible start-up" means a company or a limited liability partnership engaged in eligible
business which fulfils d following conditions, namely:
a. it is incorporated on or after d 1st day of April, 2016 but before d 1st day of April, 2021
b. d total turnover of its business does not exceed twenty-five crore rupees in d previous yrs
in which deduction is claimed; and
c. it holds a certificate of eligible business from d Inter-Ministerial Board of Certification as
notified in d Official Gazette by d Central Government
[As amended by Finance Act, 2019]