The PowerPoint presentation on tax deductions from Section 80GGA to Section 80QQB offers a comprehensive overview of the various provisions available under the Indian Income Tax Act for claiming deductions. It covers the essential details and eligibility criteria for each section, including Section 80GGA for donations towards scientific research and rural development, Section 80GGC for political contributions, Section 80RRB for income from patents, Section 80QQB for royalty income from literary, artistic, or scientific works, and Section 80RRB for income from patents. The presentation provides insights into the specific conditions, limits, and documentation required for availing these tax deductions, empowering individuals and businesses to make informed decisions and optimize their tax planning strategies. With its clear explanations and practical examples, this presentation serves as a valuable resource for understanding and utilizing the tax deductions available under these sections.

1. PRESENTED BY-
BHUMIKA SHETTY
DEBANGSHU DAS
NEHA NAIDU
NISSI SHELKE
GOVIND VARMA

2. • Tax deductions are the sum of
money that can be reduced from the
total taxable income.
• To get the net income of a taxpayer,
the deduction amount is first
included in the gross total income
and then subtracted from it.
• It is a kind of concession received
by the taxpayers
WHAT ARE TAX DEDUCTIONS?

3. • Available to all individuals who make
donations for scientific research or
rural development.
• Deduction available for up to 100%
of the donated amount.
• Amount donated must be used for
approved scientific/medical research
or rural development purposes.
• Applicable only to individual
taxpayers and not companies.

4. • Available to individuals who make
political donations, either directly or
indirectly.
• Deduction available for up to 100%
of the donated amount.
• Amount donated must be to a
registered political party or electoral
trust fund.
• Applicable only to individual
taxpayers and not companies or
NRIs.

5. • Available to businesses engaged in the
following sectors: infrastructure, hotels,
SEZs, power generation, and transmission.
• Deduction available for up to 100% of
profits earned from eligible businesses.
• Applicable only to companies (not
individuals) and to businesses started on or
after 1st April 1995 till 31st March 2017
• Deduction available for 10 consecutive
years beginning from the year in which the
business starts generating profits.

6. • Available to companies engaged in the
business of developing, operating or
maintaining infrastructure facilities such as
roads, bridges, highways etc.
• Deduction available for up to 100% of
profits earned from eligible businesses.
• Deduction available for 7 consecutive years
beginning from the year in which the
business starts generating profits.
• Applicable to companies that have been
granted an infrastructure facility status by
the government.

7. • Available to companies engaged in the
following sectors: manufacturing, hotel
industry, housing projects, and scientific
research and development.
• Deduction available for up to 100% of
profits earned from eligible businesses.
• Applicable to companies that
commenced operations on or after 1st
April 1993 till 31st March 2004
• Deduction amount varies depending on
the sector and duration of activity.

8. • Available to companies that manufacture
or produce goods in certain notified areas.
• Deduction available for up to 100% of
profits earned from eligible businesses.
• Applicable to companies that have
commenced operations on or after 1st
April 2007 till 1st April 2017
• Deduction available for 10 consecutive
years beginning from the year in which
the business starts generating profits.

9. • Introduced to benefit authors,
playwrights, artists, and
musicians.
• Income should not exceed Rs.
50 lakhs per annum.
• The work must be registered
with the Copyright Office in
India.
• Deduction up to Rs. 3 lakhs
from taxable income.

10. THANK YOU