Tax deduction 80g benefit
This query is : Resolved
29 May 2024
Mrs A wants to transfer a sum of rs 1.5 lakh to her sister Mrs B's account. And then Mrs A wants Mrs B to donate the amount to an NGO. Will mrs A get the benefit of 80g in this case?
29 May 2024
As such no; unless the NGO issues receipt in the name of Mrs. A.
30 May 2024
So if payment is done from mrs B's account and receipt is issued in the name of Mrs A then Mrs A can claim the deduction?
30 May 2024
Yes, as the NGO will declare Mrs. A as donor in all its records. While Mrs. A would report that the amount paid by her through Mrs. B.
30 May 2024
Mrs A is paying this amount to mrs B in cash. They are sisters. So how she will prove/report that this is her amount of money?
30 May 2024
Cash transaction above Rs. 20K will not be accepted. So, in case of any query, ITO may disallow the deduction. Better to pay it by banking channels.
30 May 2024
But the transaction is between sisters. Doesn't it fall under relative?
30 May 2024
To get deduction the donor should have payment proof.
30 May 2024
Mrs A is paying cash to Mrs B rs 1.5lac. Mrs B will deposit the same in her bank account and then she will donate it in the name of Mrs A through bank channel. Will this help get the deduction for Mrs A?
31 May 2024
In case of any query, ITD will consider the payment by Mrs. B and not by Mrs. A.
05 September 2024
Good Luck.
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