Donations

Save Share

Join Us Follow Us Add as Source

This query is : Resolved

Report Follow Query Ask a Query

Nilesh H Mehta

Nilesh H Mehta (Querist)
Follow

14 March 2011 What is Limitation for Exemption of Donations U/s 80G.

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
Follow

14 March 2011 The first limitation on donation is the money available with the assessee.
He can't donate more than he has.
*
Under section 80G certain donations are restricted by fixing a qualifying amount which is 10% of adjusted Gross Total Income.
*
Adjusted GTI can be arrived by deducting all other deductions under chapter VIA.
*

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now