21 July 2019
This is regarding query in relation to 80 G deduction.
Say if Adjusted GTI is 600000 & Donation amount is 110000.Total deduction U/S 80 G should be lower of 55,000 (50% of 110000) vs 60,000 (10% of 600000).
Final Donation deduction=55000.
Please let me know if above calculation is correct or is there any change in tax laws last year.

You need to be the querist or approved CAclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

GST Live Class
Get Income Tax App    |    x