23 January 2017
You can get a deduction of 50% u/s 80g.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
23 January 2017
Just for more clarity, giving one example: If Mr A has a taxable income of Rs 500,000 and he donated Rs 20,000 to corpus fund of a trust. Then, eligible amount will be 50% of (10% of 500,000) = 25000. Hence, full Rs 20000 can be claimed for Deduction.