Go AD-Free with CAclubindia Pro and Daily Mobile Updates. Subscribe Now!

Deduction

ravi (articleship student) (67 Points)

12 February 2014

whether deduction is available for donation made to vidyaposhak (institute for providing scholership to the poor students) ?

Reply
Follow
Share

3 Replies

SAURABH NENE (Chartered Accountant) (226 Points)
Replied 12 February 2014

You have to ask them whether they have the approval of CIT for the purpose of section 80G. If they have obtained the same, they will have a certificate issued by CIT. Ask the copy of the same. Similarly they will have to put a stamp on the receipt indicating that the donation is eligible for deduction u/s 80G it will alos contain the registration no.

Upgrade to CAclubindia Pro. Subscribe Now!

Chinnu Raj (CA Final Student B.Com) (1067 Points)
Replied 12 February 2014

Yes Ravi,i agree with Saurabh Sir..If the institute to which you are making donation is a recognised institute,then you will be eligible for the deduction under Sec-80G of Income Tax Act...