Donation

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

05 April 2012 if we have given donation to charitable trust or mitra mandal then what will be it
indirect expenses or capital

or if 100% deduction u/s then what will be, capital or indirect expenses

CA CS Amit S. Kedia

CA CS Amit S. Kedia (Expert)
Follow

05 April 2012 It will be Indirect Expense and for taxation purpose it will be added back in your net profit and you can deduction under section 80G from GTI

Guest

Guest (Expert)

05 April 2012 Agreed with Amit Sir.moreover the deduction will be allowed only upto 10% of the adjusted gross total income.

Guest

Guest (Expert)

05 April 2012 Agreed with Amit Sir.moreover the deduction will be allowed only upto 10% of the adjusted gross total income.

CA Kishore Tallam

CA Kishore Tallam (Expert)
Follow

06 April 2012 U need to first see whether such charitable trust or mandal is having registration u/s 80G for the assessee to claim deduction.
If yes, then see in which sub section this donation will fall based on which only the deduction will be allowed.
Also for claiming deduction, the assessee has to submit the proof of payment. Hence, receipt given by the trust is mandatory for claiming deduction u/s 80G.

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

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

R M Shekhaliya

Amit Goyal

SHRI HARIRAO

Frank

Pushkar Nagda

Subscribe Now

Donation

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANT

GST CONSULTANCY

CA Final

Manager- Finance and Compliance

Accountant

Senior Executive