Donation deduction under section 80g
This query is : Resolved
Gourav Sharma
(Querist)
10 April 2013
Hi,
Suppose I gave donation to CRY for Rs.3600/-. CRY claims that this deduction is eligible for 100% deduction under sector 80GGA and for 50% deduction under section 80G sub to qualifying limit.
Pls suggest whether donation would be 100% expemt or 50%. Take net income above 5 lacs and there will not be any qualifying limit basis Net Income
I think it would be maximum Rs 1800/- basis 50% deduction under section 80G
Suppose I gave donation to CRY for Rs.3600/-. CRY claims that this deduction is eligible for 100% deduction under sector 80GGA and for 50% deduction under section 80G sub to qualifying limit.
Pls suggest whether donation would be 100% expemt or 50%. Take net income above 5 lacs and there will not be any qualifying limit basis Net Income
I think it would be maximum Rs 1800/- basis 50% deduction under section 80G
CA. PIYUSH GOEL
(Expert)
11 April 2013
dear gourav...
first of all benefit u/s 80GGA is available only to those persons who does not have income under head P/G/B/P..
secondly benefit u/s 80GGA is available only for the donations given to Scientific research institute, social research institute,rural development project etc.
it does not cover charitable institutions...
it will cover u/s 80G only...
first of all benefit u/s 80GGA is available only to those persons who does not have income under head P/G/B/P..
secondly benefit u/s 80GGA is available only for the donations given to Scientific research institute, social research institute,rural development project etc.
it does not cover charitable institutions...
it will cover u/s 80G only...
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