02 April 2019
WE ARE GETTING SOME CONFUSION FOR DEDUCTION U/S 80G. WE WANTS TO CLEAR IN WHICH DONATIONS, GET DED 50% & 100% UNDER THE 80G. WHEN & WHERE IF WE DONATE THE MONEY WILL BE ALLOWED AS 100% DED U/S 80G?
03 April 2019
Though you must check recent Income Tax Bare Act book or Check with Income Tax website for this 80G – the general guiding principle is that 100% is exempt when the Funds are administered and maintained by Central Government and some specified State Governments. 50% is exempt in all other private charitable institutions approved by ITO by specific orders. There is also overall ceiling that the gross donations shall not exceed maximum limit 10% of the Gross Total Income. In some cases, this cap is not applicable which will be specified in the respective order.
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