Tax Exemption : School Donations and Property Brokerages

School donations may qualify for tax exemptions under Section 80G of the Income Tax Act. However, specific conditions and limits apply. It is advisable to consult a tax expert or Chartered Accountant for accurate guidance regarding eligibility and documentation requirements.Property rent brokerages are generally considered as business income and are subject to taxation. However, certain deductions and exemptions may be applicable based on the expenses incurred in generating this income. It is recommended to consult a tax expert or Chartered Accountant for proper guidance on claiming exemptions related to property rent brokerages.

School fees and donations:

• Tuition fees for children: 80C (up to 2 children, within Rs 1.5 lakh, old regime).

• Donations to schools: 80G only if the school (or its trust) has 80G approval, with Form 10BE. Capitation or donation for admission isn't a voluntary donation (quid pro quo), so it's not deductible.

• Donations to government schools: if made to a government-notified fund or the school is under a government body with 80G status (e.g. Sec 80G(2)(a)(iii) funds), they can qualify.

• Property tax (municipal tax): deductible against house property income (if let out) under Sec 23. For self-occupied, no deduction.

School fees and donations:
• Tuition fees for children: 80C (up to 2 children, within Rs 1.5 lakh, old regime).
• Donations to schools: 80G only if the school (or its trust) has 80G approval, with Form 10BE. Capitation or donation for admission isn't a voluntary donation (quid pro quo), so it's not deductible.
• Donations to government schools: if made to a government-notified fund or the school is under a government body with 80G status (e.g. Sec 80G(2)(a)(iii) funds), they can qualify.
• Property tax (municipal tax): deductible against house property income (if let out) under Sec 23. For self-occupied, no deduction.