U/s. 80G

Tax queries 815 views 5 replies

hi

what is limit u/s 80 G

Replies (5)
Originally posted by :harinath
" hi
what is limit u/s 80 G
"

 

Deduction limit is depend on u r donors 80G Certificate

There is no specified limit. However, it depends on to whom you are paying the donation.

In some cases 50% of the donation is allowed and for some organisation it is 100% allowable.

 

there is a limit for donations made out of income from salary

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.

 

In some cases 50% or 100% of the donation is allowed and for some cases donation is restricted to 10% of total income

you can get more information at https://www.payit.in
developed by mimir software 
https://www.mimir.in

You can calculate your income tax at https://www.payit.in

regards,

samyuktha

 


CCI Pro

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