15 February 2008
There are two types of donation. One is 100% deductible second is 50% deductible Means in first if you donate 100 Rs. you will get deduction of Rs. 100/- but if you donate to second category organization you will get 50/- as deduction. But there is thresh hold that deduction amount can not be more than 10% of adjusted income. Formula for adjusted income is given in sec 80G
CAclubindia
