Donation exempt or not?

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CS Janak (Querist)
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05 August 2009 Whether any donation paid to Public trust is exempt from tax or not? if yes under which sec. and up to what amount?

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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05 August 2009 If the public trust is registered with the income tax department and has approval under section 80G of the Income tax Act,1961, donation to such trust will be limited to 10% of the Gross total income of the doner and 50% of such amount or actual donation whichever is lower will be allowed as a deduction to the doner u/s 8oG

CA.Tarun Maheshwari

CA.Tarun Maheshwari (Expert)
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05 August 2009 Agreed.

CS Janak

CS Janak (Querist)
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06 August 2009 THANKS TO BOTH OF YOU.

Abhishek Ranjan Singh

Abhishek Ranjan Singh (Expert)
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06 August 2009 If the public trust is registered with the income tax department and has approval under section 80G of the Income tax Act,1961, donation to such trust will be limited to 10% of the Gross total income of the doner and 50% of such amount or actual donation whichever is lower will be allowed as a deduction to the doner u/s 8oG

CS Janak

CS Janak (Querist)
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06 August 2009 Thanks for your reply.

i also want to know that is there any other sec. under which 100% exemption is available to donar? religious trust will get benifit or not?

CS Janak

CS Janak (Querist)
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06 August 2009 Thanks for your reply.

i also want to know that is there any other sec. under which 100% exemption is available to donar? religious trust will get benifit or not?

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