Donation

Tax queries 1098 views 12 replies

what will be the amt. of deduction in respect of donation given to a registered charitable trust?

will i have to calculate the Gross adjusted total income or will i get the ad hoc 50% deduction?

The amount of donation is 2,00,000/-

GATI-6,00,000/-

Replies (12)

60000 Rs

U will have to see if the institution to which donation was given falls under the list provided u/s. 80G.

[

a) 100% deduction without any qualifying limit (e.g., Prime Minister’s National Relief Fund).

b) 50% deduction without any qualifying limit (e.g., Indira Gandhi Memorial Trust).

c) 100% deduction subject to qualifying limit (e.g., an approved institution for promoting family planning).

d) 50% deduction subject to qualifying limit (e.g., an approved institution for charitable purpose other than promoting family planning).]

if the just a registered institution (not pertaining to the list) and they are providing you 80G certificate, then u should calculate 100%/50% of the adjusted GTI (as the case may be).

therefore in given case if ur institution is only registered one (not pertaining in the list)

Rs. 60000/- will be only allowed as deduction

(further u can visit https://taxguru.in/income-tax/all-about-deduction-under-section-80g-of-the-income-tax-act-1961-for-donation.html)

Originally posted by : Ragini

U will have to see if the institution to which donation was given falls under the list provided u/s. 80G.

if the just a registered institution (not pertaining to the list) and they are providing you 80G certificate, then u should calculate 100%/50% of the adjusted GTI (as the case may be).

therefore in given case if ur institution is only registered one (not pertaining in the list)

Rs.60000/- will be only allowed as deduction

agreed                           

It is subject to 10% of adjusted GTI so will be 60000 in your case

 

It is subject to 10% of adjusted GTI so will be 60000 in your case and 50% of that as its not 100% deduction categeorgy than only 30000/- deduction get 

how do i determine the category of the trust whether the 50% or 100% category

nothing is mentioned on the receipt or order of I.T. dept?

 

"It is subject to 10% of adjusted GTI so will be 60000 in your case and 50% of that as its not 100% deduction categeorgy than only 30000/- deduction get" 

agreed

Max. limit is Rs. 60,000.

Allowable deduction is Rs.30000

 

It is subject to 10% of adjusted GTI so will be 60000 in your case and 50% of that as its not 100% deduction categeorgy than only 30000/- deduction get u/s 80G

Agreed


if it is qualifyig then 100% or 50% which category  following ur kind of donation is 10% of GATI.

 

if it is not qualifying then 100% or 50% which category  following ur kind of donation 

Originally posted by : Vijay Manwani (Vicky)
It is subject to 10% of adjusted GTI so will be 60000 in your case
Originally posted by : vijay korgaonkar

 

It is subject to 10% of adjusted GTI so will be 60000 in your case and 50% of that as its not 100% deduction categeorgy than only 30000/- deduction get 


 

Fully Agreed


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