Donations to temple
This query is : Resolved
16 September 2018
Is there any deductions available to assessee who is donating to Temple via cheque
16 September 2018
You can get deduction u/s 80D:
Conditions are as below:
1. Deduction allowed to all types of taxpayers: This deduction can be claimed by any tax payer -individuals, company, firm or any other person.
2.Mode of Payment: This deduction can only be claimed when the contribution has been made via cheque or draft or in cash. But deduction is not allowed for donations made in cash exceeding Rs 10,000. In-kind contributions such as food material, clothes, medicines etc do not qualify for deduction under section 80G.
3.From Financial Year 2017-18 onwards: Any donations made in cash exceeding Rs 2,000 will not be allowed as deduction. Thus the donations above Rs 2,000 should be made in any mode other than cash to qualify as deduction under section 80G.
4.Amount of Donation: The various donations specified in section 80G are eligible for deduction up to either 100% or 50% with or without restriction as provided in section 80G.
5.How to claim the deduction: To be able to claim this deduction the following details have to be submitted in your Income Tax Return
a.Name of the Donee
b.PAN of the Donee
c.Address of the Donee
d.Amount of Contribution
Conditions are as below:
1. Deduction allowed to all types of taxpayers: This deduction can be claimed by any tax payer -individuals, company, firm or any other person.
2.Mode of Payment: This deduction can only be claimed when the contribution has been made via cheque or draft or in cash. But deduction is not allowed for donations made in cash exceeding Rs 10,000. In-kind contributions such as food material, clothes, medicines etc do not qualify for deduction under section 80G.
3.From Financial Year 2017-18 onwards: Any donations made in cash exceeding Rs 2,000 will not be allowed as deduction. Thus the donations above Rs 2,000 should be made in any mode other than cash to qualify as deduction under section 80G.
4.Amount of Donation: The various donations specified in section 80G are eligible for deduction up to either 100% or 50% with or without restriction as provided in section 80G.
5.How to claim the deduction: To be able to claim this deduction the following details have to be submitted in your Income Tax Return
a.Name of the Donee
b.PAN of the Donee
c.Address of the Donee
d.Amount of Contribution
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- Type of Capital Gain
- Exiting partner in partnership firm in gst portal
- Traces submitting correction statement error
- Banking Related Issue
- TDS on rent received on hardship compensation being rent on redevelopment of building
- NRI INSURANCE ADVISOR
- Reporting in TDS return
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- IT returns for fresh job holders
- CASH GIFT FROM BLOOD RELATIVE
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- Rent claimed on building given on permissive possession basis
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
