80g
This query is : Resolved
08 March 2013
hai friends,
If the gross total income is 2,80,0000 and donation given is 1,00,000 to devastanam what is the deduction amount for 80g?
If the gross total income is 2,80,0000 and donation given is 1,00,000 to devastanam what is the deduction amount for 80g?
08 March 2013
dear deduction u/s 80G on a donation paid to charitable institution will be 50% of the amount paid subject to the limit of adjusted gross total income.
adjusted gross total income will be GTI less deduction under chapter VI-A except deduction u/s 80G.
adjusted gross total income will be GTI less deduction under chapter VI-A except deduction u/s 80G.
08 March 2013
Maximum You Get (In case GTI Taken as AGTI) is 28000.
280000-28000 = 252000/- is Taxable.
Since No Other Info Provided.
280000-28000 = 252000/- is Taxable.
Since No Other Info Provided.
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