Required to Use ITR-2 BUT 80G 100% deduction Not available?
This query is : Resolved
24 July 2011
My client is required to file ITR-2 as he does not have business Income nor a partner in any Firm. He made donations falling under 100% category - Not falling under qualifying amount limitation.
But, in the Form ITR-2 there is no bifurcation of donations U/s 80G. When we enter the amount the form is restricting the amount to 50% of 10% of total adjusted income. In contrast forms ITR-3 & ITR-4 have separate entry field for such donations.
MY QUERY: WHICH FORM TO USE.
Say: ITR-4 showing NIL business Income OR
FILE ITR-2 in PHYSICALY AT IT OFFICE IN PAPER FORM claimimg correct deduction?
PL ADVICE.
regards
chenchumohan. a.
But, in the Form ITR-2 there is no bifurcation of donations U/s 80G. When we enter the amount the form is restricting the amount to 50% of 10% of total adjusted income. In contrast forms ITR-3 & ITR-4 have separate entry field for such donations.
MY QUERY: WHICH FORM TO USE.
Say: ITR-4 showing NIL business Income OR
FILE ITR-2 in PHYSICALY AT IT OFFICE IN PAPER FORM claimimg correct deduction?
PL ADVICE.
regards
chenchumohan. a.
25 July 2011
80 G is to be allowed to @ 50% or 100% if it is not accepting then file physical return to avoid delay
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