80G
This query is : Resolved
03 February 2011
What will be the deduction for donation of Rs5000/- in educational trust.Will the deduction be Rs 2500 or something else.Pls do not copy section 80G from the IT Act as the answer. Pls show the calculation if the deduction is something else than Rs 2500/-
03 February 2011
Yes , Deduction U/s 80G will be Rs.2500/.
The qualifying amount of donation will be limited to 10% of (GTI less other deductions of chapter VIA.)
More ever, the trust should be Certified for 80G by CIT.
The qualifying amount of donation will be limited to 10% of (GTI less other deductions of chapter VIA.)
More ever, the trust should be Certified for 80G by CIT.
Message likes :
1 times
03 February 2011
Thanku so sir.....
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Supply through E-commerce Operators
- STCG....................................................
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- TAN for Partnership
- Sales return eway bill
- Relief u/s Section 89
- REGARDING GST LIABILITY/....
- Specified Profession
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- STCG FOR GOLD ETFs
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
