Exemption under 80g towards cash donations
This query is : Resolved
22 July 2013
Dear Sir,
On 20/07/13 I had asked a querry as to what is the maximum exemption available for cash donations made to a single donee staggered over a financial year.
I was informed that there is not limit for
donating during the year. But My querry was whether all the amount donated in cash is eligible for exemption under IT rules for the AY2013-14.
I heard that the amount is restricted to Rs 10000/- per annum. I want to confirm it.
On 20/07/13 I had asked a querry as to what is the maximum exemption available for cash donations made to a single donee staggered over a financial year.
I was informed that there is not limit for
donating during the year. But My querry was whether all the amount donated in cash is eligible for exemption under IT rules for the AY2013-14.
I heard that the amount is restricted to Rs 10000/- per annum. I want to confirm it.
22 July 2013
Yes your observation is correct vide section 80G (5D). This is effective from assessment year 2013-14 and onwards.
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