Section 80g
This query is : Resolved
27 February 2017
There are four Categories of Deductions,
1. 100% Deduction of amount donated, without any Qualifying Limit
2. 50% Deduction of amount donated, without any Qualifying Limit
3. 100% Deduction of amount donated, Subject to Qualifying Limit
4. 100% Deduction of amount donated, Subject to Qualifying Limit
My Query is How I will Understand whether Deduction is 100% or 50%
Please help me
1. 100% Deduction of amount donated, without any Qualifying Limit
2. 50% Deduction of amount donated, without any Qualifying Limit
3. 100% Deduction of amount donated, Subject to Qualifying Limit
4. 100% Deduction of amount donated, Subject to Qualifying Limit
My Query is How I will Understand whether Deduction is 100% or 50%
Please help me
CA R SEETHARAMAN
(Expert)
27 February 2017
Check the donation receipt where it will mentioned.
See the link for more details.
https://www.charteredclub.com/section-80g/
See the link for more details.
https://www.charteredclub.com/section-80g/
27 February 2017
But on what basis I will understand it is 100% or 50% if on receipt there is not sufficient information
CA R SEETHARAMAN
(Expert)
27 February 2017
Check with the institution or check the link provided. Most of the donation will fall under 50% category.
28 February 2017
only Specified donations are eligible for 100% dedn like prime minister relief fund
CA R SEETHARAMAN
(Expert)
28 February 2017
Yes you are right see the link for list.
28 February 2017
yes i understood only CERTAIN FUNDS will get 100% deduction . Thanks alot
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