Tax treatment of Donation Given

Save Share

This query is : Resolved

Quick Summary

This discussion clarifies the tax implications of making donations to Non-Governmental Organisations (NGOs). It addresses whether such donations fall under Profits and Gains from Business or Profession (PGBP) and explores deductions available under Chapter VI-A of the Income Tax Act, 1961. Specifically, it highlights the process of claiming deductions under Section 80G and notes that expenditure might be disallowed under Section 37, while eligible donations can still be claimed under Chapter VIA.

Daya

Daya (Querist)
Follow

24 March 2022 what should be Tax treatment if, donation given to Non Government organation.
Under PGBP and Deduction under Chapter VI-A.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

25 March 2022 Claim deduction under section 80G.

CA Puja Sharma

CA Puja Sharma (Expert)
Follow

25 March 2022 The expenditure will be disallowed under section 37 of the Income Tax Act, 1961.
Further, you can claim deduction under Chapter VIA if it is an eligible donation u/s 80G

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