Donations to PM Cares fund is exempted U/ 80 (G)
This query is : Resolved
11 September 2020
Dear All,
I would like to get confirmation that donation to PM Cares Fund is considered as exemption under 80G; hence it would be considered the same way by the employer. Hence employer should deduct tax after exempting the donation amount from my taxable salary. However I find it is not appropriate and I believe there is something to support & encourage donation to PM Cares fund. Please help.
I would like to get confirmation that donation to PM Cares Fund is considered as exemption under 80G; hence it would be considered the same way by the employer. Hence employer should deduct tax after exempting the donation amount from my taxable salary. However I find it is not appropriate and I believe there is something to support & encourage donation to PM Cares fund. Please help.
11 September 2020
The Central Board of Direct Taxes (CBDT) clarified that an employee making a donation to the PM-CARES fund through the employer can claim income tax deduction under Section 80G on the basis of Form 16 issued by the employer
11 September 2020
Sir,
Thanks for your response. But what should I do when my employer / account teams refuses to consider the donation before computing my tax liability? They are asking me to claim refund, after filing ITR next year. That is not feasible for me. Please guide.
Thanks for your response. But what should I do when my employer / account teams refuses to consider the donation before computing my tax liability? They are asking me to claim refund, after filing ITR next year. That is not feasible for me. Please guide.
11 September 2020
In such a case it's feasible for you to claim refund in ITR.
12 September 2020
For claiming refund, seek a certificate from employer for the amount donated.
Inference - CBDT circular 2/2005 dated 12-01-2005.
Ps :- in such cases, employer is duty bound to consider donation while deducting tax and issuing form 16. Inference :- CBDT circular 4/2020 dated 16-01-2020.
Inference - CBDT circular 2/2005 dated 12-01-2005.
Ps :- in such cases, employer is duty bound to consider donation while deducting tax and issuing form 16. Inference :- CBDT circular 4/2020 dated 16-01-2020.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- GST ON EXPORT COMMISSION
- RCM INVOICING FROM NOV-2024
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
