Deductions u/s 80g and u/s80ggc
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 January 2016
Dear Expert,
Could you please tell me that whether the limit of 10% of gross total income for donations u/s 80G is also applicable for donation to Political Parties u/s 80GGC as well?
If yes, Whether this limit of 10% is applicable to aggregate of donations in both the sections or individually (i.e, whether we can claim 20% deduction of the Gross Total Income)
If not, What is the maximum limit of donation u/s 80GGC?
Could you please tell me that whether the limit of 10% of gross total income for donations u/s 80G is also applicable for donation to Political Parties u/s 80GGC as well?
If yes, Whether this limit of 10% is applicable to aggregate of donations in both the sections or individually (i.e, whether we can claim 20% deduction of the Gross Total Income)
If not, What is the maximum limit of donation u/s 80GGC?
CA PARAS BAFNA
(Expert)
02 January 2016
There is no maximum limit for Section 80GGC. The limit of 10% of adjusted GTI applies to certain donations U/s 80G only.
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