International Day of Persons with Disabilities appears on Dec 3 which seems to assist the right the well-being of people who are held with some sort of disabilities. The person who lives with the kind of disability or furnishing towards the maintenance or any medical treatment of the disabled family member can avail of both emotional and financial assistance. To resolve the fiscal load under the specific tax breaks beneath the guidelines of the income tax are allotted to somebody surviving with disabilities and the person who assists a dependent through disabilities.
Tax expert “As per clause (i) of section 2 of the Persons with Disabilities (Equal Opportunities, Protection of Rights and Full Participation) Act, 1995, disability refers to people with ‘autism’, ‘cerebral palsy’ and ‘multiple disabilities’ referred to in clauses (a), (c) and (h) of section 2 of the National Trust for Welfare of Persons with Autism, Cerebral Palsy, Mental Retardation, and Multiple Disabilities Act, 1999 (44 of 1999),”
Towards the Disabled Assessee
A flat tax deduction of Rs 75,000 can be claimed through an individual-held disability while furnishing her ITR. Individual who possesses some critical disability and such people can be provided with a deduction of Rs 1.25 lakh.
The person having the disability is furnished with the advantages in tax under section 80U who are certified through the medical council. The assessee is required to show the certificate of disability given through the acknowledged council as mentioned in Form 10-IA. There shall be no additional documents or medical bills that are required to be submitted during the claim of the deduction.
For Disabled Dependents
A tax deduction is furnished to the person who is filing the amount for the medical treatment towards the disabled member of the family under section 80DD. The quantity of deduction is similar to section 80U and a flat deduction of Rs 75000 is allowed if it is a deduction of Rs 1.25 lakh can be claimed by members of the assessee with severe disabilities.
These deductions are so-called flat ones and thus can be availed irrespective of the original amount furnished to the disabled person having the medical treatment. Individual and HUF assessees can avail same.
Section 80DD provides an advantage from including the income of another person beneath section 64 which has the essentials of adding the income via investment furnished towards the dependent child or spouse to the assessed income in context to the purpose of the tax.
“In a case where an individual has a minor child suffering from a disability referred to in section 80U of the Income Tax Act, 1961, any income earned by such minor child shall not be clubbed into the income of the parent, mentioned by tax expert.”
