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National defense fund
Dear Sir/Madam, donation to National Defense Fund allowed as a deduction under Income Tax Act?
Replies (3)
| Originally posted by : Irfan Hassan | ||
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Dear Sir/Madam, donation to National Defense Fund allowed as a deduction under Income Tax Act? |
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Yes, allowed to the extent of 100%.
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Donation made to the National Defence Fund set up by the Central Government is allowed u/s 80G(2)(a)(i).
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Donation made in cash will be allowed upto Rs. 10,000 and exceeding Rs. 10,000, in any mode other than cash.
Thanks for the reply Sir.
In case, the donation exceeds 10000 and is paid in cash... will the entire amount or the amount in excess of 10000 disallowed?
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