Are you Enjoying the Benefits of the Deductions Allowable Under the Income Tax Act, 1961 ? Some of the deductions so available are indicated below : Expenditure incurred by an Individual or an H.U.F. on the medical treatment of a handicapped dependent. Premium or any sum paid by a resident citizen of India deriving income from his share in the income of a registered firm rendering professional service e.g. a firm of chartered accountants, lawyers, solicitors, architects etc., under a contract for securing an annuity duly approved by the Commissioner of Income-tax. Educational expenses incurred by an individual resident who is not a citizen of India for the full time education of a dependent child less than 21-years of age at an Institution outside India. A part of profits and gains derived from any industrial undertaking employing displaced persons to which the provisions of Section 80H apply. A part of profits and gains derived from newly established industrial undertakings or a ship or the business of a Hotel to which the provisions of a Section 80J apply. Twenty-five per cent of the income earned by an individual resident in India, from a foreign Government or a non-resident of India, in the exercise of his profession as an author, playwright, artist, musician or actor and received in or brought into India as allowed under the Foreign Exchange Regulation Act, 1947 or the rules made thereunder. PLEASE TAKE FULL ADVANTAGE OE THE DEDUCTIONS ALLOWABLE TO YOU UNDER THE INCOME-TAX ACT. Detailed information regarding the conditions subject to which these deductions can be claimed in your case may please be obtained from your assessing Income-tax Officer or the Public Relations Officer of the Income-tax Department. Please remember to quote your Permanent Account Number on your Return and other correspondence with the Department. Issued by THE DIRECTORATE OF INSPECTION (Research, Statistics & Publication) 6th Floor, Mayur Bhavan. Connaught Circus New Delhi davp 73/365