03 August 2010
Amount given to philips company for purchase of machine and that machine donated to the hospital, is the amount eligible for deduction under 80G.
03 August 2010
No it is not covered under 80G. for 80G the donation receiver need to provide the certification for claiming exemption under Income tax approval
03 August 2010
Deduction u/s 80G is not available.
1. The amount is paid to Philips and not to any Charitable institution. And amount paid to Philips doesnot qualify got any deduction u/s 80G.
2. In case the assessee purchases the machine & then donates for charitable purpose, even then deduction is not available as donation in kind doesnot qualify for deduction u/s 80G.