Exemptions onDonations received by Cancer Patient
This query is : Resolved
29 October 2021
My son has received Rs10 Lac from Fund Raiser Website of MILAAP and 8 Lac directly from well Wishers in son's saving account.
1.is there provision to apply IT Authority for exemption on donations received from above said 2 sources for cancer treatment. Power to IT authority under which section.?
2. Anyway to save income tax?
1.is there provision to apply IT Authority for exemption on donations received from above said 2 sources for cancer treatment. Power to IT authority under which section.?
2. Anyway to save income tax?
30 October 2021
1. No such specific clause in the act.
2. a)Sec. 80DDB of the act gives some relief.
b) Any arrangement for directly giving the amount to hospital can save more.
c) Distribute the donation among different persons and/or different years.
2. a)Sec. 80DDB of the act gives some relief.
b) Any arrangement for directly giving the amount to hospital can save more.
c) Distribute the donation among different persons and/or different years.
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