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80g

RAMU G (Chartered Accountant) (158 Points)

09 July 2012

I got an information that the Donation which are eligible for 80G under income tax, the assesse should not give the donation more than Rs.10000/- in a year in the form of cash? in this regards the CBDT issued one circular or notification. i request Pls send the notification number or circular for better understading?

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pavan joshi (none) (63 Points)
Replied 10 July 2012

Assessess r entitled to deduction u/s 80 g if they hv contributed to or donated to Approved funds and charitable institutions. n list of 100 percent n fifty percent deductions r available...ndonation should b made in sum of money not in kind..n to my knowledge no such notifications hv been issued.......i myt b wrng too regarding notification...

Parihar Gopal (Corporate Taxation ) (392 Points)
Replied 10 July 2012

Amendment of section 80G vide finance Bill 2012 dated 16.03.2012

In section 80G of the Income-tax Act, after sub-section (5C), the following sub-section shall be inserted with effect from the 1st day of April, 2013, namely:—

“(5D) No deduction shall be allowed under this section in respect of donation of any sum exceeding ten thousand rupees unless such sum is paid by any mode other than cash.”.