80g

Notification 1620 views 6 replies

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?

Replies (6)

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...

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.”.

Yes,I agree with Gopal.

In case of donation in excess of Rs.10000/- ,to avail deduction under sec 80 G,it should be made in any mode otherthan cash.

agree with parihar gopal

thanx fr info frnds...

 

Thank for the response


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