From Financial Year 2017-18 onwards:Any donations made in cash exceeding Rs 2,000 will not be allowed as deduction. Thus the donations above Rs 2,000 should be made in any mode other than cash to qualify as deduction under section 80G.
Amount of Donation: The various donations specified in section 80G are eligible for deduction up to either 100% or 50% with or without restriction as provided in section 80G.
How to claim the deduction: To be able to claim this deduction the following details have to be submitted in your Income Tax Return
Name of the Donee
PAN of the Donee
Address of the Donee
Amount of Contribution
Leave a Reply
Your are not logged in . Please login to post replies