CLAIMING SEC 80GGC DONATION
This query is : Resolved
Quick Summary
03 February 2020
RESPECTED SIR
OUR ONE EMPLOYEE HAS DECLARED DONATION UNDER SECTION 80GGC FOR CLAIMING DEDUCTION .
OUR CONCERN IS WHETHER WE CAN CONSIDER THE SAME WHILE CALCULATING TDS ON SALARY OR NOT ?
.PLEASE REPLY FAST .
OUR ONE EMPLOYEE HAS DECLARED DONATION UNDER SECTION 80GGC FOR CLAIMING DEDUCTION .
OUR CONCERN IS WHETHER WE CAN CONSIDER THE SAME WHILE CALCULATING TDS ON SALARY OR NOT ?
.PLEASE REPLY FAST .
03 February 2020
Yes you can consider the contribution. Make sure it is not done in cash or kind.
03 February 2020
how to show it in form 16 ?
please reply for the same .
please reply for the same .
04 February 2020
Show it in form 16 under chapter via deductions with the gross and qualifying amount. Make sure to collect the deposit receipt from the employee, which should contain the name and address of the employee mentioned in it.
Guest
Guest
(Expert)
04 February 2020
80GGC deductions are not given to the employees for TDS calculation.
As per CBDT circulars on TDS on salaries, only specified list of deductions are allowed for the tax deduction and 80GGC is not one of them.
Source: CIRCULAR NO 01 /2019, 1st January 2019 pg. 33 ("...computing the taxable income of the employee, the following deductions under Chapter VI-A ... are to be allowed ...")
As per CBDT circulars on TDS on salaries, only specified list of deductions are allowed for the tax deduction and 80GGC is not one of them.
Source: CIRCULAR NO 01 /2019, 1st January 2019 pg. 33 ("...computing the taxable income of the employee, the following deductions under Chapter VI-A ... are to be allowed ...")
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
- TDS 194-T applicability
- GST ITC REVERSE
- Fixe term employment
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Regarding Applicability of Tax Audit u/s 44AB
- Consolidated financials
- Withdrawal in cash from partners capital account by partner
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- TDS on TRUST
- Section 50-fixed asset-->building ceases to exist
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
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
