Avail 20% discount on updated CA lectures for Dec 21 .Use Code RESULT20 !! Call : 088803-20003

ICICI

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Magesh R (Student)     22 February 2008

Deduction u/s 80G

Deduction u/s 80G is restricted to 10% of Gross Total Income. For some donations paid the quantum of deduction is restricted to 50% of the amount donated.

My Gross Total Income is Rs.5,10,000 . I have donated an amount of Rs.5 Lakh which are eligible for 50% deduction.

What is the eligible deduction for this case?

Is it Rs.51,000 ?

(5,00,000*50% - restricted to 10% of 5,10,000 = 51,000) or

Rs.25,500

(5,10,000*10%*50%  = 25500)

 



 9 Replies

CA. Gurdeep Singh Chawla

CA. Gurdeep Singh Chawla (C A)     22 February 2008

51000
 CA Mohit Mohan

CA Mohit Mohan (c.a. profession)     22 February 2008

25500
shyam

shyam (student)     22 February 2008

25500
qarni

qarni (student)     22 February 2008

25500
Ashish Ranpara

Ashish Ranpara (TAX CONSULTANT)     22 February 2008

25500/-
ankit goyal

ankit goyal (CA Final Student)     22 February 2008

25500
K KUMAR

K KUMAR (job)     23 February 2008

25500/-
O.D.SHARMA

O.D.SHARMA (DGM-F & A)     23 February 2008

in your case 25500/-
CA. Kirti S. Ganatra

CA. Kirti S. Ganatra (Service)     25 February 2008

Yes u are right 25500

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  


Start a New Discussion

Popular Discussion


view more »







Subscribe to the latest topics :
Search Forum:

Trending Tags