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Deduction u/s 80G

Magesh R (Student) (53 Points)

22 February 2008  

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 (C A) (7080 Points)
Replied 22 February 2008

51000

CA Mohit Mohan (c.a. profession) (557 Points)
Replied 22 February 2008

25500

shyam (student) (544 Points)
Replied 22 February 2008

25500

qarni (student) (1220 Points)
Replied 22 February 2008

25500

Ashish Ranpara (TAX CONSULTANT) (369 Points)
Replied 22 February 2008

25500/-

ankit goyal (CA Final Student) (102 Points)
Replied 22 February 2008

25500

K KUMAR (job) (58 Points)
Replied 23 February 2008

25500/-

O.D.SHARMA (DGM-F & A) (1734 Points)
Replied 23 February 2008

in your case 25500/-

CA. Kirti S. Ganatra (Service) (1461 Points)
Replied 25 February 2008

Yes u are right 25500

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