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Donation tax

This query is : Resolved 
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(Querist)
15 February 2020 I want to donate fund from my propriator account
Have need to pay any income tax on donated amount?
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Gokul Sharma

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Gokul Sharma (Expert)
15 February 2020 no ........income tax have to pay only for the income you earned.
if you donated to registered trust you can avail deduction available.
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CA PARTH SHAH

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CA PARTH SHAH (Expert)
16 February 2020 If you pay donation form your proprietorship account, then such donation shall be disallowed if it is debited to Profit & loss account of the business. However, donation shall be allowed as deduction under section 80G if the donee is a registered entity under section 80G.
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