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Tuesday, April 11, 2017

Section 80G - DONATIONS



If you have donated to a fund notified by the central government under Section 80G, you would be eligible for deduction of the amount donated, but it should not exceed 10% of the adjusted gross total income.


This deduction is also available for donations given for renovation of temples, mosques and churches approved by the government.


If you have donated to an institution carrying out scientific research or to a university or college which is approved by the government, then the amount so contributed would be eligible for deduction under Section 80GGA. Deductions over and above `10,000 can be claimed only if the contribution has been made by any mode other than cash.


If you have donated to a political party, then you can claim deduction under Section 80GGC equivalent to the amount actually donated. There is no ceiling on this deduction amount.






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