Donation to corpus fund of a trust
Querist : Anonymous
Querist : Anonymous
If Mr A has a taxable income of Rs 500,000 and he donated Rs 20,000 to corpus fund of a trust.
Then, eligible amount will be 50% of (10% of 500,000) = 25000.
Hence, full Rs 20000 can be claimed for Deduction.
Right Sir?
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