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Limit for donation u/s 80g

This query is : Resolved 

10 July 2014 DEAR SIR

WE ARE PVT LTD CO. IS THERE ANY LIMIT FOR GIVING DONATION FOR TAKING EXEMPTION U/S 80G

THANKS & REGARDS
VIPIN KUMAR SHARMA

10 July 2014 There is no limit for deduction u/s 80G. The extent of deduction is either 50% or 100% of the contribution, depending on the charitable institution donated to.
For certain funds, the aggregate deduction is limited to 10% of the “Adjusted Gross Total Income”. So, in such cases, even if you do make a donation larger than 10% of your Adjusted Gross Total Income, the donation amount eligible for claiming a deduction would be capped at 10% of the Adjusted Gross Total Income.



The Adjusted Gross Total in this case, is the gross total income minus long-term capital gain, short term capital gain and all deductions u/s 80CCC to 80U except any deduction under this section.


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