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Query related to income tax deduction

Sneha Ramakrishnan (Self employed) (81 Points)

30 July 2013

Dear Friends, Incase of deduction u/s 80G , if donations paid to the charitable institute is located in a city (Delhi/Ggn) other than the city of residence/work, of the assessee is it still valid for the purpose of claiming deduction u/s 80G?? Regards,

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9 Replies

CA. Kunal Lakhotia (ACA) (1006 Points)
Replied 30 July 2013

Yes, there is no issue in claiming deduction

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CA Kunal Mishra (Consultancy Service) (172 Points)
Replied 30 July 2013

Yes, deduction wil be allowed, as Section 80G no where specify for such condition. Hope ur query is clear. Regards Kunal

Mihir (Wealth Manager) (5293 Points)
Replied 30 July 2013

No, it is not necessary that the charitable institution should be located in the city where the assesee resides. Charitable institution should be specified as per the list given under 80G eligibility.

M Y S Rao (Accountant) (22 Points)
Replied 30 July 2013

Sir,

Is there any TDS for Hiring of Bus for transportation of College students? If it is, what is the tax?

*RENU SINGH * (✩ §m!ℓ!ñġ €ม€§ fℓม!ñġ ђ♪gђ✩ ) (21627 Points)
Replied 30 July 2013

Donation should be made to prescribed funds and institutions qualify for deduction as all deductions are not eligible for tax benefits. It should be upto 10% of adjusted GTI. And any amount deposited in excess won't be liable for tax benefits.

Correct me , if m wrong.