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Doubt Income Tax IPCC may

Others 928 views 2 replies

Genenral deductions...sec-80G Donation

after calculation of amount of deduction we compare it with (GTI-LTCG-STCG(111A)-casual) n deduct which ever is less...is dis correct??

wt is d logic behind dis...?

does dis apply to every question wid 80G???

BUSIBESS AND PROFESSION

donation to ASSOCIATON(in house) SEC35-->200% exempt...

if any onther company--->150%

correct...??

can ny 1 explain sec 35 cleary...??plssss.....

Replies (2)

Section 80G deductions, subject to qualifying limits, are the only donations which shall be calculated by this method.. ( 100 % or 50 % , subject to qualifying limit)..

For the list of such donations refer the text book..

No idea about the logic 

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