Easy way to learn deduction U/s 80G
DEDUCTION UNDER SECTION 80 G
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50% of the actual amount
1) Indra Gandhi 2) Rajeev Gandhi 3) Jawaharlal Nehru 4) Children Welfare 5) P.M Drought Releif Fund |
50% of the qualifying amount
1) Temple, Mosque, Chruch, Gurdwara 2) Development of city town 3) Minority Interest 4) Charitable Purpose |
100% of the qualifying amount
1) Family Planning 2) Olympic Association
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Note:-
1) Except these given remaing will be 100% of Actual amount
2) Donation to unapproved institution is not allowed
3) Donation in kind is not allowed
Calculation of qualifying amount
Actual amount donated or 10% of Adjusted GTI which ever is less
Calculation of Actual GTI
GTI – LTCG – STCG u/s111A – Deduction u/s 80C to 80U except 80G = Adjusted GTI
by-
Tarandeep Singh Saluja
Ph No. 9026556636
CAclubindia
