SECTION 80G( DONATION)

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Ayyswariya RG (Querist)
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13 September 2010 In the calculation of deduction allowed under section 80g [donation],
Suppose the adjusted gross total income is Rs. 197000, DONATION GIVEN TO
a.Government for family planning Rs. 27000
b.Approved charitable institution Rs. 3000;
Then how to calculate the amount of deduction??

Here the amount of donation or 10% of adjusted gross total income Whichever is less to be considered. but here
Total amount of donation Rs. 30000 and
10% of adjusted gross total income Rs. 19700
Then how to allocate as the donation to govt for family planning exp 100% of adjusted gross total income should be allowed as deduction.

CA Sanat Pyne

CA Sanat Pyne (Expert)
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13 September 2010 IN YOUR CASE TO TAL DONATION U/S 80G WILL BE 50% OF 30000/-
BECAUSE 10% OF ADJUSTED GTI IS 19700/-
WHICH IS GRETER THAN 15000/-
SO RS. 15000/- WILL BE THE NET DEDUCTION U/S 80G.

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Ayyswariya RG

Ayyswariya RG (Querist)
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13 September 2010
But sir For donation to govt for family planning expenditure 100% of adjusted gross total income
&
approved charitable trust 50% of adjusted gross total income

should be allowed as deduction. How to allocate for the two With Rs 15000 sir?

CA. BIJENDER KR. BANSAL

CA. BIJENDER KR. BANSAL (Expert)
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13 September 2010 you can claim deprecaiton upto maximum limit 10% of Adjusted GTI.
Which is 19700.
I.e you will get total deductin u/s 80 G is 19700/-

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Ayyswariya RG

Ayyswariya RG (Querist)
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13 September 2010 How to allocate that amount to those two donations sir?

CA. BIJENDER KR. BANSAL

CA. BIJENDER KR. BANSAL (Expert)
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13 September 2010 10% OF ADJUSTED GROSS TOTAL INCOME = 19700/-
100% DONATION ALLOWED FOR FAMILY PLANNING = 27000/-
50% DONATIN ALLOWED FOR APPROVED INSTITUAION = 1500/-
TOTAL DONATION ELIGIBLE FOR DONATION = 28500/-
BUT IT ALLOWED SUBJECT TO LIMIT RS. 19700/-
YOU CAN ALLOCATE IT IN BOTH OR AGAINST ONE
I.E IF YOU ALLOCATED AGAISNT BOTH

If aggregate of the sums donated exceed 10% of the adjusted gross total income, the amount in excess of 10% ceases to be entitled for tax benefit.

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Ayyswariya RG

Ayyswariya RG (Querist)
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13 September 2010 Thanks a lot sir. Doubt cleared

Ayyswariya RG

Ayyswariya RG (Querist)
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13 September 2010 Thanks to CA. SANAT PYNE sir and CA. BIJENDER KR. BANSAL sir...

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