CHARTERED ACCOUNTANT
333 Points
Joined January 2009
Certain donations eligible for 100% or 50% deductions are subject to the ceiling of 10% of GTI of the assessee as reduced by:
i) Deductions u/s.80CCC to 80U (Excl. 80G),
ii) Such income forming part of the total income but on which income-tax is not payable,
iii) LTCG
iv) STCG taxable u/s.111A and
v) Income refereed to in Sec. 115A, 115AB, 115AC or 115AD.