banner_ad

Donation limit

185 views 2 replies

Is there any upper limit of Donation ?? If anyone wants to donate 4 times more than his annual income , then what ?? Whether Department questions ?

Replies (2)
If the amount is above the basic exemption limit , can ask.

As far as my knowledge goes, there is no limit on the amount one can donate. If one has accumulated legitimate savings and wants to donate from these savings an amount that exceeds his annual income, there should be no issue. Even if the Income-Tax Dept. raises a query, one should be able to reply properly showing the source of funds from which the donation was made.

However, there are limits up to which deductions from taxable income can be claimed for donations made to approved recipients of donations, under Sec 80G, 80GGA, etc.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details