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What is the rule of donation rebate

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Querist : Anonymous

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Querist : Anonymous (Querist)
29 January 2013 Sir,

what is the limit of rebate in IT of donation & how we have to calculate it.
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kunal

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kunal (Expert)
30 January 2013 see sec 80gg
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
29 July 2013 I dis agree with the expert. The donation is exempted u/s 80G and not u/s 80GG. The donation should not exceed 10% of the taxable income and shall be allowed @50% of the donation given to charitable trust. If it is given to chief minister or Pri-minister it is 100% allowable. Like wise if donation is given to any NGO for specific purpose it is also allowed as deduction depending on the nature of payment u/s 35AC
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