Donation of property
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 September 2013
a person donated a property (House)a sum of Rs. 75 Lac to a Charity org.
can he get sum rebate on Tax.? pl. suggest with section as per IT -1961
can he get sum rebate on Tax.? pl. suggest with section as per IT -1961
CA PARAS BAFNA
(Expert)
05 September 2013
No rebate or benefit is available in Income Tax Act 1961 on donating a property to charitable organisation. In case any sum is paid, deduction can be claimed under the provisions of Section 80G subject to certain restrictions.
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