Exemption u/s 80G? Donations

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Student CA IPC / IPCC
157 Points Posted on 30 March 2021

Hello,

A person has made Donation to an Ashram.

it is registered for 80G exemption.

How much will be 80G exemption?

1. Flat 50%?

 

2. 50% with qualifying limit?

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On 30 March 2021 at 22:26 Report
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Quick Summary
This discussion clarifies the rules for claiming 80G exemption on donations made to registered ashrams. It confirms that the exemption is not a flat 50% but rather 50% of the donation amount, subject to a qualifying limit. This limit is calculated as 50% of the donation minus 10% of your adjusted gross income.

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Chartered Accountant
24588 Points Posted on 30 March 2021
50% with qualifying limit. 50% of donation less 10% of gross adjusted income
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On 30 March 2021 at 22:45
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17269 Points Posted on 30 March 2021
No 2 is correct
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On 30 March 2021 at 23:02
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Chartered Accountant
24588 Points Posted on 18 April 2021
Yes No. 2 is correct
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On 18 April 2021 at 14:35

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