What is the maximum deduction allowed under Section 80U of the Income Tax Act, 1961, for an individual with a normal disability?
Section 80U allows a deduction of a sum of Rs. 75,000 to an individual, being a resident, who, at any time during the previous year, is certified by the medical authority to be a person with disability. The deduction is available for any expenses incurred in connection with the disability, such as medical expenses, education expenses, and training expenses. In the case of a person with severe disability, the maximum deduction allowed is Rs. 1,25,000.
Statement:
I: Heavy snowfall is expected at Pyeong Chang in South Korea during the winter season.
II: The Pyeong Chang 2018 winter Olym...
Statement: Indian Culture is getting forgotten and the country is losing its rich heritage.
Assumptions:
I. Westernization has affec...
Statement: V = T ≤ U ≤ S; C = K ≥ S
Conclusions: I. K ≥ T II. V > S
Two statements are given below and they are labelled as Assertion (A) and Reason (R).
Assertion (A): River Narmada flows eastward.
Reason ...
STATEMENT : To buy a Company A policy, contact B, the sole agent of Company A
ASSUMPTIONS: I People generally prefer to buy policies through ag...
Statement: “You must read English newspaper, if you want to become a fluent English Speaker”. Reena advices Seema.
Ass...
Statement:
During Navarathri celebrations, the Kannika Parameshwari temple on Vysial Street has a rather unique practice. It is not the priests...
Statement : There are no river sand quarries employing machines and sand extraction is done manually and transportation through carts.
I. ...
Statement : Anxious parents are racing against time to get their children admitted in schools as the last day of the admission process is approachin...
Statement: Indian Culture is getting forgotten and the country is losing its rich heritage.
Assumptions:
I. Westernization has affect...
