Section 137 — Deduction in respect of person with disability
Old Act equivalent: Section 80U of IT Act 1961 Sub-part: Deductions from total income
Statutory Text
- An assessee, (other than a local authority and an artificial juridical person
wholly or partly funded by the Government), shall be allowed a deduction for the amount contributed by him, other than by way of cash, during a tax year to a political party registered under section 29A of the Representation of the People Act, 1951 (43 of 1951), or an electoral trust. C.—Deductions in respect of certain incomes Deductions in respect of profits and gains from industrial undertakings or enterprises engaged in infrastructure development, etc.
Provisos
None.
Explanations
None.
Tables
Present in statutory text above — see formatted section.
Key Structure
- Applies to: Individual who is resident in India and is a person with disability
- Conditions: Person certified as having disability (at least 40%) by medical authority
- Time limits: N/A — annual deduction
- Monetary limits: Rs.75,000 (disability 40-79%); Rs.1,25,000 (severe disability 80%+)
- Exceptions: Cannot be claimed if dependant’s deduction under section 127 is claimed for same person; not available to non-residents
Cross-References
- Section 29
Amendment Notes
None noted from the extracted pages.