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Donation under section 80g(5)

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06 July 2012 Dear Sir,

One of my friend have given donation Rs. 60,600/- to charitable trust

his gross total income is 474340/- my income tax software calulate his donation rs. 16807/- instead of 50% amount

i can't understand this calulation

please guide me about this query

thanks

06 July 2012 You have to arrive at the Qualifying Amount (QA), first, which is 10% of the Adjusted Gross Total Income (AGTI).
.
AGTI means GTI less Deductions Under Chapter VIA, (Except U/s 80G).
There must be 80C, 80D like Deductions. Deduct these from the Gross Total Income (GTI) to get AGTI.
.
Deduction U/s 80G is allowable @50% of qualifying amount (QA-As referred in First Para).
.

06 July 2012 Agree with Paras Sir....




07 July 2012 There might be other deductions under chapter VI-A apart from donations.

Pls tell me the amount of other deductions like 80C, 80D etc

07 July 2012 details are not fully disclosed. for 80G deduction you need to get qualified amount. for this you need to deduct all other deductions of Chapter VI-A.
Then 10% of this amount will be max amount of 80G deduction. in your case it will be 50% also.
So please clear all the facts to get proper answer



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