Exemption of i.t.

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parthasarathy

parthasarathy (Querist)
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30 October 2012 What is the percentage of exemption allowed for the donations made under 80(G)(5)(VI) of I.T.Act1961?

CA bhargava

CA bhargava (Expert)
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30 October 2012 It is not exactly the percentage., it depends upon the following parameters:
1.The amount of donation.
2.Your Gross total Income
3.The entity to whom u have donated

based on the above it may be either 50 or 100% subject to max 10% or Gross total Income

CA Alok Somani

CA Alok Somani (Expert)
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30 October 2012 https://law.incometaxindia.gov.in/DIT/File_opener.aspx?page=ITAC&schT=&csId=3bdcee6a-0471-49b2-b1e3-cbd377499a34&rdb=sec&yr=a56ea192-3ca8-433a-a515-ed68a062eac7&sec=80g&sch=&title=Taxmann%20-%20Direct%20Tax%20Laws

Please check abov link

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