Can't we claim 80gga ded if we have business income

This query is : Resolved

Nirmal Jain (Querist)
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05 August 2013 Hello,

If we have Business, CG, Salary and Other Sources income, then while filling ITR4, there is no option to claim for 100% deduction u/s 80GGA for donation paid to HelpAge India. They have given Form No. 58A which says to claim 100% u/s 35AC and 80GGA.
Please suggess how to claim it, when we have Salary + Other Source Income (which is set off against business loss).

Do we need to show this donation as part of expenses in P&L A/c? In such case, don't we get 100% deduction for it from the GTI ?

Please advise at earlist.

Thanks
NC Jain

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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06 August 2013 Since you have business income claim deduction u/s 35AC (PGBP).
The benefit of claiming deduction u/s 35AC are as under:

1. 100% deduction of the donation.
2. If the donation results in a loss the amount can be carried forward.