Is A Payment Made In the Nature Of donation To Nathdwara Temple Of Rs.5,00,000/- By A Pay order Eligible For deduction Under Section 80G?
3 Replies
CA Tushar Lakhanpal
(CA)
(416 Points)
Replied 21 May 2012
It is deductible only if Nathdwara Temple is mentioned in the notified temples list
further if it is mentioned then u first need to caculate the qualifying amount as per 80G and then calculate the actual amount of deduction
Regards
Tushar
Giridhar S Karandikar
(Team Lead)
(7553 Points)
Replied 21 May 2012
First verify if the trust is eligible for 80G deduction. This can be verified from te trust itself, as well as the eligibility is also mentioned on hte receipt of the trust whihc it provides to you after making the payment.
prateek aanchalia
(CA)
(859 Points)
Replied 21 May 2012
Yes, if temple registred under 80G(5) for dontaion receipts.
u required to take receipts of that donation and PAN of temple/trust.
than u eligible to take 50% amount benefit as deduction u/s 80G.
Recent Topics
- [b]Title:[/b] [u]Sell My House Fast in St. Petersb
- Capital gain on receiving office by res. Home
- CA Inter costing best faculty- Parag Gupta or Ashi
- Nps tier-2 taxation
- Query about rule 42
- ITC on Credit note updated late in GSTR3B
- TDS Remove Deductee from Challan
- Query regarding MCQ OMR
- RCM Taxable Value Wrongly Shown in March 25 GSTR -
- Tax Treatment of Consideration Received Under Irre
Related Threads
CAclubindia
