Do you know of any tax credits/ rebates/ deductions in India that can be used as basis to argue for the adoption tax credit?
Under section 88 of Indian Income Tax Act, any Indian parent is eligible to claim a tax rebate up to 12,000 rupees per child per year for total of two children’s fulltime education (excluding development fee, donations or other payments of similar nature) if the institution (university, college, school or other educational institutions) is located with in India.
Think about this: Is it unreasonable to expect from the Indian Government
When an amount up to 24000 rupees in total is given in education rebate to parents EVERY YEAR, an amount approximately up to 25,000 rupees in “Adoption Tax Credit” for adopting a child ONCE IN A LIFETIME?
When a CHILD WITH PARENTS is given importance, how much more ought to be given to care for a CHILD WITHOUT PARENTS
When EDUCATION is given such an importance, how about a HOME?
Convinced to become a voice to the voiceless by signing the petition? Here is the link to sign. Kindly ask others also to sign: http://www.petitiononline.com/atc26047/petition.html
Have a question on adoption tax credit? Send to http://us.f325.mail.yahoo.com/ym/Compose?To=rubynakka2001@yahoo.com
Ruby Nakka
The HOPE House
http://www.hhinternational.org/
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