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Claiming exemption in payment of capital gain tax u/s 80 G

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(Querist)
27 October 2010 I have sold a property for Rs. 10 lakhs. Out of this sales, I have to pay capital gain tax on Rs. 8 lakhs i.e 20% works out to Rs. 1.60 lakhs. But out of sale proceeds I have paid a donation of Rs. 2 lakhs to a trust. Please inform whether I can adjust the tax benefit u/s 80 g on my capital gain tax
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CA. Aryendra

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CA. Aryendra (Expert)
27 October 2010 Please read section 112 (2)and 111(1):
Deduction under Chapter VIA are not allowed on Long Term Capital Gain
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taxindiaconnect

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taxindiaconnect (Expert)
27 October 2010 Agreed with Aryendra
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CA. Chikkerur C R

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CA. Chikkerur C R (Expert)
29 October 2010 80G cannot be claimed for LTCG, You have Section 54 to claim exemptions for investments
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