80g qualifying limit
This query is : Resolved
Shruthi & Co
(Querist)
13 July 2018
Dear Experts,
For AY 2018-19 deduction u/s 80G is being calculated at 5% of Adjusted Gross total income as compared to 10% prescribed in the Act. I dont see any change in law. Please let us know if this an error in the utility or is there any specific reason for the same.
Regards,
Shruthi
For AY 2018-19 deduction u/s 80G is being calculated at 5% of Adjusted Gross total income as compared to 10% prescribed in the Act. I dont see any change in law. Please let us know if this an error in the utility or is there any specific reason for the same.
Regards,
Shruthi
13 July 2018
If the donation is eligible for 50% deduction, then allowable deduction will be 50% of the qualifying amount meaning there by actual deduction amounts only to 5% of
adjusted total income.
adjusted total income.
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