Deduction below Point 80GGC
If seniors otherwise super older persons contribute money so you can good political class otherwise a keen electoral trust, this new sum would-be anticipate because a good deduction under Point 80GGC.
Deduction under Part 80RRB
In the event the a resident senior citizen otherwise super senior keeps an excellent registered patent and you can brings in royalty income on such as for example patents, the royalty gotten is actually enjoy due to the fact a good deduction out of taxable income. Just as much royalty which may getting enjoy due to the fact good deduction was restricted to INR 3 lakhs. Moreover, so you can claim brand new deduction, another conditions will be came across because of the senior otherwise super senior citizen –
- They are a keen Indian citizen
- She or he must have inserted the fresh patent on the or immediately following initial according to the Patents Operate 1970
- To allege the newest deduction this new senior citizen otherwise extremely senior citizen would need to submit a certification(Form-10CCE) towards the taxation bodies together with certification are going to be finalized by the the fresh given bodies
- New senior otherwise very senior ought to be the patentee
Deduction significantly less than Part 80TTB
If your resident senior or very senior has made deposits within the a lender otherwise postoffice, the attention earned for the such dumps, including focus away from family savings, repaired deposit techniques and postoffice deposit plans would-be enjoy as a beneficial deduction in the hands of senior. Contribution inside the cash is prohibited because the deduction weiterlesen
