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Regarding 80G....
I hv a small doubt. While calculating the deduction u/s 80 G we take into consideration the 10% of adjusted GTI.
Adjusted GTI= GTI- deductions u/c VI A
(assuming no shares income )
so if my GTI was like 350000 and u/c VI A i invested...
80C-100000
80D-30000
so will the adjusted GTI be 350000-100000-30000= 220000..
and deduction in 80G upto 10% of 220000= 22000....Is It True....
Replies (2)
Yes.... its True.. But u can claim only 50% (100% applicable only for few donations).
So u can claim 11000 (50% on 22000)
Dear Deepak,
Friend Vignesh is rite
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