Showing posts from October, 2013

Income Tax deductions U/s 80DD & 80U

Deduction u/s. 80DD for expenses on medical treatment of disabled dependent CA Sandeep Kanoi Deduction u/s. 80DD for expenses on maintenance/   medical treatment   of disabled dependent In Past few years cost of   medical treatment   has shoot up very sharply and has made   medical treatment   almost out of reach of Lower and Middle class families in India. Government of India has in order to provide some relief to those who have a dependent with disability or sever disability provided some relief’s from Income tax under section 80DD of the   Income Tax Act , 1961. Who is eligible to claim deduction? · Individual or a Hindu undivided family, who is a resident in India. · Deduction u/s 80DD is not available to non-resident Indian (NRI). What Expenses are eligible for deduction? · Expenditure for the   medical treatment   (including   nursing ), training and rehabilitation of a   disabled dependent. ·   Money paid   to Life Insurance Corporation (LIC), Unit Trust of I

Who is responsible for missing records of Penoners-Thousandsis of dependent unmarried/widowed & Divorced daughters also are denied family Pension for want of records

Govt forgets to pay dues to pensioners By Neetu Chandra in New Delhi THE Indian government is yet to learn to pay its dues to the senior citizens who have served them in their active years. Various ministries have not yet issued revised Pension Payment Orders ( PPOs) to lakhs of pensioners who retired before 2006. To add insult to injury, the ministries have not even maintained the records. In a recent meeting of Standing Committee of Voluntary Agencies ( SCOVA), with department of Pension & Pensioners’ Welfare, Ministry of Personnel, Public Grievances & Pensions, held last month, it was revealed that lakhs of pensioners and their families are still eluded from the revised pension. Pension or family pension of pre- 2006 pensioners has already been as per the recommendations of the 6th Central Pay Commission. According to the ministry of personnel, public grievances and pensions, fresh pension papers indicating the revised the amount have not reach

Healthcare in India cheap but not for most Indians

Healthcare in India cheap but not for most Indians Zoom Bookmark Share Print Listen Translate NEW DELHI: India’s healthcare costs may be among the lowest in the world but they are still out of the reach of a vast majority of its citizens. For instance, one cycle of chemotherapy and radiation therapy at AIIMS Cancer Centre costs just ` 750. But 40% of those being treated there can’t afford it and request the bill be waived. “Advances in medical technology and new medicines are a boon, but to work in India they have to be value for money. Most people can’t even afford conventional treatments at subsidised prices in public hospitals,” says Dr MC Misra, director, AIIMS. Low on cost, high on quality of care and with a wide range of treatments available — the Indian healthcare system draws over 1.3 million patients from abroad each year. The sector is expected to generate $3 billion by 2013-end. In Harvard Business Review’s November issue, a study by authors Vijay Govindarajan

Monthly Bulletin CGPF (AP)

CENTRAL GOVERNMENT PENSIONERS’ FORUM, ANDHRA PRADESH D. PrabhakarRao                  M. SomasekharRao                           Sk. Mahboob    President                              General Secretary                                 Treasurer      9490313416                                9949052609                                   9441278709 MONTHLY BULLETIN – OCTOBER 2013 DA/DR w.e.f., 1.7.2013: The Government of India have issued orders vide their OM F. No. 42/13/2012 – P&PW(G) dated 3.10.2013 sanctioning additional installment of DA/DR w.e.f., 1.7.2013.  With this, the DA/DR goes up to 90%.  All the Pension Disbursing Banks are expected to draw the arrears of DR before the end of this week. (A copy of the letter is enclosed for information) Modified Parity Case: The contempt petition had come up before Principal Bench/CAT/New Delhi on 10.10.2013.  Government counsel had submitted that SLPs in three other cases were coming up before Supreme Court on 1.11.2013.