29 July 2010
yOU WILL ALLOWED DEDUCTION OF 50% OF (10% ADJUSTED GTI).
Qualifying Limit:- The qualifying limits u/s 80G is 10% of the adjusted gross total income. The limit is to be applied to the adjusted gross total income. The ‘adjusted gross total income’ for this purpose is the gross total income (i.e. the sub total of income under various heads) reduced by the following:
Amount deductible under Sections 80CCC to 80U (but not Section 80G) Exempt income Long-term capital gains Income referred to in Sections 115A, 115AB, 115AC, 115AD and 115D, relating to non-residents and foreign companies
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