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.
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
- Supply through E-commerce Operators
- STCG....................................................
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Relief u/s Section 89
- TAN for Partnership
- Is it compulsory to File 10E if Income including Pension Arrears is below 12 Lakh for the F Y 25 26
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- E way bill for tractors
- Specified Profession
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
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
