80 g area
This query is : Resolved
rahul burad
(Querist)
29 July 2010
my father donate20000 rs in prag jain yuvak mandal seva sansthan reg no 186/2007-08 & 80g/80/62/2861 can 100% ya 50 5 exemot plz fast
CA Sanat Pyne
(Expert)
29 July 2010
50%
29 July 2010
agreed..... 50 %
CA Sanat Pyne
(Expert)
29 July 2010
not only PM FUND ALSO CM AND NATIONAL FUND.
29 July 2010
yOU WILL ALLOWED DEDUCTION OF
50% OF (10% ADJUSTED GTI).
Qualifying Limit:- The qualifying limits u/s 80G is 10% of the adjusted gross total income. The limit is to be applied to the adjusted gross total income. The ‘adjusted gross total income’ for this purpose is the gross total income (i.e. the sub total of income under various heads) reduced by the following:
Amount deductible under Sections 80CCC to 80U (but not Section 80G)
Exempt income
Long-term capital gains
Income referred to in Sections 115A, 115AB, 115AC, 115AD and 115D, relating to non-residents and foreign companies
fOR DETAIL ANAYLSIS YOU CAN LINK
https://www.taxguru.in/income-tax/all-about-deduction-under-section-80g-of-the-income-tax-act-1961-for-donation.html
https://www.incometaxindia.gov.in/Acts/INCOME%20TAX%20Act/80g.asp
50% OF (10% ADJUSTED GTI).
Qualifying Limit:- The qualifying limits u/s 80G is 10% of the adjusted gross total income. The limit is to be applied to the adjusted gross total income. The ‘adjusted gross total income’ for this purpose is the gross total income (i.e. the sub total of income under various heads) reduced by the following:
Amount deductible under Sections 80CCC to 80U (but not Section 80G)
Exempt income
Long-term capital gains
Income referred to in Sections 115A, 115AB, 115AC, 115AD and 115D, relating to non-residents and foreign companies
fOR DETAIL ANAYLSIS YOU CAN LINK
https://www.taxguru.in/income-tax/all-about-deduction-under-section-80g-of-the-income-tax-act-1961-for-donation.html
https://www.incometaxindia.gov.in/Acts/INCOME%20TAX%20Act/80g.asp
rahul burad
(Querist)
09 August 2010
thanks to all respected sir
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