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Tax4india ››One By Six Scheme
One By Six Scheme India
- Introduction.
- Motor Vehicle.
- Subscriber to a Cellular.
- Credit Card Holder.
- Member of a Club.
- Occupation of an Immovable Property.
- Travel to any Forign Country.
- Persons in respect of whom the scheme is not applicable.
Introduction.
In occupation of an Immovable property exceeding a specified floor area, whether by way of ownership, tenancy or otherwise as specified in the notification Nos. S.O. 467 (E) dated 27th June, 1997 and S.O. 668 (E) dated the 6th August, 1998.
Motor Vehicle.
Shall have the meaning assigned to it in clause (28) of section 2 of the Motor Vehicles Act, 1988. 'Motor vehicle' or 'vehicle' means any mechanically propelled vehicle adapted for use upon roads, whether the power of propulsion is transmitted there to from an external or internal source, and includes a chassis to which a body has not been attached, and a trailer but does not include a vehicle running upon fixed rails or a vehicle of a special type adapted for use only in a factory or in any other enclosed premises, or a vehicle having less than four wheels fitted with engine capacity of not exceeding twenty-five cubic centimeters. Thus, virtually all four wheelers (cars,buses, trucks, tractors, etc.) are covered under the definition of 'motor vehicle.
Subscriber To a Cellular.
Phone includes only cellular telephone but not a Pager or ordinary Telephone.
Credit Card Holder
Holder of credit card, not being an add-on card or Kisan Credit Card, issued by any bank or institution.
Member of a Club.
Member of a club where entrance fee charged is twenty five thousand rupees or more.
Occupation of an Immovable Property
This includes occupation by way of ownership, tenancy or otherwise (say, as a paying guest). Occupation may be either of residential or commercial property.If the property in question is equal to or exceeds the floor 600 sq. ft. in the case of residential property (other than huts and kutcha dwellings ) and 100 sq. ft. in the case of commercial property. The areas differ for residential and commercial properties and also from city to city. The scheme is applicable to some selected towns and urban agglomeration. The list is given below--
|
Name of the Cities |
Used for Residential
(other than huts kutcha dwellings)
purposes in Sq.Ft. |
Used for Commercial purposes in Sq.Ft. |
| Delhi (Including Gurgaon,Faridabad, Ghaziabad and Noida ) |
600 |
100 |
| Mumbai |
600 |
100 |
| Chennai |
1000 |
125 |
| Calcutta |
1000 |
125 |
| Bangalore |
800 |
125 |
| Hyderabad |
1100 |
125 |
| Jaipur |
1100 |
125 |
| Kanpur |
1100 |
175 |
| Pune |
800 |
125 |
| Ahmedabad |
800 |
125 |
| Ludhiana |
800 |
125 |
| Chandigarh |
1100 |
125 |
| Surat |
1100 |
125 |
| Vadodara |
1100 |
175 |
| Kochi |
1100 |
125 |
| Kozhikode |
1100 |
175 |
| Trivandrum |
1100 |
175 |
| Coimbatore |
1100 |
125 |
| Madurai |
1100 |
175 |
| Bhopal |
1100 |
175 |
| Indore |
1100 |
125 |
| Jabalpur |
1100 |
175 |
| Vijayawada |
1100 |
175 |
| Visakhapatnam |
1100 |
175 |
| Agra |
1100 |
175 |
| Meerut |
1100 |
175 |
| Allahabad |
1100 |
175 |
| Lucknow |
1100 |
175 |
| Varanasi |
1100 |
175 |
| Dhanbad |
1100 |
175 |
| Patna |
1100 |
175 |
| Jamshedpur |
1100 |
175 |
| Kalayan |
1100 |
175 |
| Nagpur |
1100 |
125 |
| Thane |
1100 |
175 |
Travel to any Forign Country
It has incurred expenditure for himself or any other person on travel to any foreign country. However, if the expenditure is incurred by someone else like the employer or a parent or a spouse, this provision is not applicable.
Persons in respect of whom the scheme is not applicable
The conditions specified in clause (i) to clause (vi) do not apply to any person being a non resident.
The conditions specified in clause (i) or clause (iii) do not apply to any senior citizen who has attained 65 years of age but is not engaged in any business or profession during the previous year. (Notification S.O. 710 (E) date 20th August, 1998).
Travel to any foreign country does not include travel to Bangladesh, Bhutan, Maldives, Nepal, Pakistan and Sri Lanka. Travel to Saudi Arabia on Haj pilgrimage organised by Central Haj Committee and to China on pilgrimage to Kailash Mansrover are not to be regarded as travel to any foreign country (Notification Nos. S.O. 711 (E) and S.O. 712 (E) dated 20th August, 1998).
Please note that the Form must be filled up and filed in the Income-tax office even if the total income of the assessee is below the basic exemption limit of Rs. 50,000/- for the financial year 2000-01 ( relevant to Asstt. Year 2001-2002). This limit is increased to Rs. 50,000/- for the subsequent financial years.
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