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of <h1>Section 80DDA: Tax Deduction for Deposits Supporting Handicapped Dependants, Effective April 1996, India.</h1> Section 80DDA of the Income-tax Act, effective April 1, 1996, allows a deduction for individuals or Hindu undivided families in India for deposits up to twenty thousand rupees made for the maintenance of a handicapped dependant. The deduction is applicable if the deposit is made under a scheme by the Life Insurance Corporation or the Unit Trust of India, providing annuity or lump sum benefits to the handicapped dependant upon the depositor's death. If the dependant predeceases the depositor, the deposited amount is taxed as income in the year received. Definitions include 'handicapped dependant,' 'Government hospital,' 'Life Insurance Corporation,' and 'Unit Trust of India.'
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