Deduction u/s 80g

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

04 September 2013 My client's adjusted gross total income is Rs.21,00,000 and donated Rs.300000 to a notified charitable institute (eligible for 50% deduction.) pls tell me what should be the amount of deduction.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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08 September 2013 Donation u/s.80 is minimum of eligible donation or 10% of GTI which ever is less

so eligible donation Rs.300000
10% of GTI Rs.210000. so deduction u/s.80G is Rs.210000

CA Pallav Singhania

CA Pallav Singhania (Expert)
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08 September 2013 Agree with the expert...

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:

1.Amount deductible under Sections 80CCC to 80U (but not Section 80G)

2.Exempt income

3.Long-term capital gains

4.Income referred to in Sections 115A, 115AB, 115AC, 115AD and 115D, relating to non-residents and foreign companies.

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