Section 80 G donation to trust Rs. 11000/-
This query is : Resolved
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
Sandeep
01 May 2008
what is PGBP
Chapter VIA is not avaailable on short term capital gain u/s 111A
Chapter VIA is not avaailable on short term capital gain u/s 111A
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€.
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
Regards,
sandeep Aggarwal
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
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- F & O PROFIT REPORTING FOR AY 2026-27
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
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
