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ITR 2 Does not Provide 100% 80 G Deduction

ITR Filing 703 views 2 replies

A CHENCHUMOHAN

CHARTERED ACCOUNTANT

48 Points Posted on 20 July 2011

Freiends

While entering data in ITR 2 for Asst Year 2011-12 In the VI-A Deduction schedule Donations are grouped in one single Row/column. When I enter the Gross amount/ what ever amount the system calculation restricts it to 50% of 10% of Total Income. There is no provision for claiming 100% deduction group donations separately as is given in ITR 3 & 4. My client has Income from Other Sources & STCG ONLY. Hence I can not use ITR3 or 4. Pl advice what to do.

CA Chenchumohan. A. Hyderabad.

Replies (2)

U S Sharma

glidor@gmail.com

21068 Points Posted on 20 July 2011

read the discussion, 80G is 50% and 10% of adjusted profit only

/forum/80-g-156395.asp

A CHENCHUMOHAN

CHARTERED ACCOUNTANT

48 Points Posted on 21 July 2011

Respected Sir,

My query appears to have been mis read!

In ITR 2 there is no provision for those donations falling under 100% eligibilty - like "Prime Minister's Relief Fund", eyc., which do not fall under the LIMITATION of 10% gross qualifying Total Income.

The form is designed for only 50% caliculation.

In such cases, Can the assessee use any other form ITR 3 or 4. But they are for Partners / Own business people only.

Please clarify.

regards

chenchumohan. a.