Section 80 G donation to trust Rs. 11000/-

This query is : Resolved

Sandeep Gupta (Querist)
Follow

01 May 2008 I donated a sum of Rs.11000/- to trust registerd for puropse of Sec 80G deduction.Please tell me abt calculation of 80G deduction.I have income from PGBP and STCG u/s 111A taxable @ 10% for AY 2008-09.

Sandeep

CA Hemant T Dewani

CA Hemant T Dewani (Expert)
Follow

01 May 2008 what is PGBP
Chapter VIA is not avaailable on short term capital gain u/s 111A

Sandeep Gupta

Sandeep Gupta (Querist)
Follow

02 May 2008 Sir PGBP means income U/H business and profession .Sec 80 G allowed from business or profssn income or not ? how it is calculated total income is Rs.170000/-.Pls r€ply m€.

SANDEEP AGGARWAL

SANDEEP AGGARWAL (Expert)
Follow

29 May 2008 If your PGBP is Rs170000/- then 50%of Rs 11000/- i.e. 5500/- will be deductable u/s 80G. Chapter VI-A is not available on STCG. and 80-G is limited to 10% of your Total Taxable income(Before Sec 80-Gand STCG)

Regards,
sandeep Aggarwal

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok