% of deduction available on such donation Us 80GGC
Menu
80GGC Donation to Political party
Replies (4)
Quick Summary
Maximum deduction allowed under Section 80GGC is 100%. This means that your entire contribution is fully eligible for tax deduction.
The section 80GGC of the Income Tax Act allows the deductions from the total income of an individual taxpayer for his/her contributions made towards electoral trust or political party. ... However, the deduction amount allowed should not be more than the total income that is taxable.
Can individual get deduction under 80ggc more than 10 percent of gross total income reply plz
Yes ,here no limit of donation
Recent Topics :
- ITC reversal after supplier amended the recipient
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
- GST RATE ON FILM PRODUCTION
- Section 54
- Why are foreign investors suddenly buying Indian s
- TDS ON IMMOVABLE PROPERTY - PURCHASE FROM NRI &
- Query to Tax Garden tax consultant
Related Topics :
CAclubindia
