Donation

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

05 April 2012 if we have given donation to charitable trust or mitra mandal then what will be it
indirect expenses or capital

or if 100% deduction u/s then what will be, capital or indirect expenses

CA CS Amit S. Kedia

CA CS Amit S. Kedia (Expert)
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05 April 2012 It will be Indirect Expense and for taxation purpose it will be added back in your net profit and you can deduction under section 80G from GTI

Guest

Guest (Expert)

05 April 2012 Agreed with Amit Sir.moreover the deduction will be allowed only upto 10% of the adjusted gross total income.

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Guest

Guest (Expert)

05 April 2012 Agreed with Amit Sir.moreover the deduction will be allowed only upto 10% of the adjusted gross total income.

CA Kishore Tallam

CA Kishore Tallam (Expert)
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06 April 2012 U need to first see whether such charitable trust or mandal is having registration u/s 80G for the assessee to claim deduction.
If yes, then see in which sub section this donation will fall based on which only the deduction will be allowed.
Also for claiming deduction, the assessee has to submit the proof of payment. Hence, receipt given by the trust is mandatory for claiming deduction u/s 80G.