deduction availaible u/s 80 G
Querist : Anonymous
Donation to approved local authority other than family planning: 20,000/-
how much deduction u/s 80G can be allowed?
So in your case allowable amount is Rs.4000/-.
in ur case qualifying amount u/s 80G is 10% of GTI i.e., Rs. 4000/- and deduction shall be allowed 50% of qualifying amount - means Rs. 2000/-
Querist : Anonymous
but in this case what is the answer if 40,000 is 10% of adjusted GTI???
Querist : Anonymous
2) Donation paid (as per your 1st query) is Rs. 20,000/-
3) Maximum permissible donation is Rs.20,000/- being the least of 1) and 2) above.
4) Amount of deduction under section 80G is 50% of 3) above which comes to Rs.10,000/-
Now do you see any error in my first observation.
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