80G deduction for Cash donation
This query is : Open
Ts Gajendra
(Querist)
08 April 2017
Dears, please let me know your view on the below scenario... Mr.A paid donation in cash amounting to Rs.15,000 (single payment) to a trust... U/S 80G, what is the amount eligible for deduction for Fy 2016-17? Rs.10,000 or Nil??? Thanks in advance...
CA R SEETHARAMAN
(Expert)
08 April 2017
Nil as the cash donation exceed the limit of 10000.
Ts Gajendra
(Querist)
08 April 2017
Thank you sir. what if the amount paid is Rs.5000/- each for 3 months sir?
CA R SEETHARAMAN
(Expert)
08 April 2017
Then also it is not allowed. The limit is for a year.
Ts Gajendra
(Querist)
08 April 2017
Thank you sir. If Mr.A paid cash donation of Rs.5000/- each to Trust A, Trust B & Trust C respectively, Deduction allowed to Mr.A u/s 80G is Rs.15000 in a year or then also Nil sir???
CA R SEETHARAMAN
(Expert)
08 April 2017
In such a case it is allowed.
Ts Gajendra
(Querist)
08 April 2017
Thank you very much Sir
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