21 July 2019
Dear sirs : One of my clients has total receipts of Rs.35,00,000 and net profit is Rs.18,00,000 ( app ).. He has tax savings RS.1,50,000 and Medicalim Rs.25,000 . he has donated Rs.4,50,000 u/s 80 G to some charitable institution. Kindly let me know how much amount u/s 80 G can be deducted from his taxable income. Regards
31 May 2020
The eligibility of Deductions under 80 G depends where the funds have been donated. Sometime 50% donations is eligible, sometimes it is 100% or more.
CAclubindia
