125% deduction

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

25 March 2011 i am a salaried person if i donate in scientific research than can i claim 125% deduction?? n under which section??

where can i invest??

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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25 March 2011 No. Not for salaried persons this deduction is not available. People who have business or professional income can claim this deduction.

A weighted deduction of 125% is also allowed for contributions to organizations approved under section 35(1)(ii) (a scientific research institute or a university, college or other institution) specifically for "scientific research," and for contributions made under section 35(1)(iii) specifically for "research in social science or statistical research."

CA.ViVeK M ACA

CA.ViVeK M ACA (Expert)
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25 March 2011 But if the person who doesnot have business income and if he is contributing to the scientific research can claim whatever the amount contributing. You cannot get 125 % weigtage deduction ..

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