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Donation limit

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NARENDRA

ACCOUNTS MANAGER

1041 Points Posted on 08 April 2022

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)

Quick Summary

This discussion clarifies that there is no legal upper limit on the amount an individual can donate in the UK. Even if a donation exceeds your annual income, it's permissible as long as the funds come from legitimate savings. While the Income Tax Department may inquire about large donations, providing proof of the source of funds should suffice. However, it's important to note that there are specific limits on the amount of donations you can claim as a tax deduction under sections like 80G.

CRO0580568 ABHISHEK MISHRA

53 Points Posted on 10 April 2022

If the amount is above the basic exemption limit , can ask.

Rammohan

163 Points Posted on 11 April 2022

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.