Mode of Payment
eligible for Deduction U/s 80C
is Any Mode Is eligible for deduction U/s 80C?
whether it cover Cash Mode payment?
Cash Payment is not allowed for claiming deductions under 80C
From FY 2017-18 any donations made in cash exceeding Rs 2,000 will not be allowed as deduction. The donations above Rs 2000 should be made in any mode other than cash to qualify for 80G deduction.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
