What are the deductions available under various sections for financial year 2006-2007? Pls guide me.?

Answer 1

There are so many deductions available in 2006-07.
Clarify which area Income tax, sales tax etc.

Following are the few from Income tax
80 C Saving and investment

80 CCC pension fund

80 CCD contribution to pension scheme of central govt.

80 D mediclaim insurance premium.

80 DD maintenance including medical treatment of a dependant being a person with disability.

80 DDB medical tratment for specified diseases.

80 E Repayment of loan taken for higher education.

80 G Donations to a certain funds, charitable institutions etc.

80 GG Rent paid

80 GGA Donation for scientific research or rural development
80 GGB Contribution to poltical parties only for indian companies.
80 GGC contribution to poltical parties.
80 IB dedcution inrespect of new industries , hotels etc commencing on or after 1st April 1991

80 IC Deduction inrespect of profits and gains of certain undertakings or enterprises in certain special category states

80 JJA Deduction in respect of profit from the business of processing of bio degradable waste.

80 JJAA Deduction in respect of employment of new workmen.

80 LA Deduction in respect of certain income of Offshore banking units.

80 P Deduction in respect of income of cooperative society.

80 QQB Deduction in respect of royality income of authors.

80 RRB Royality on patents.

80 U Deduction in respect of permanent physical disability.

Answer 2

Please try here

http://banner.suagm.edu:8035/catalog.htm





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