08 August 2010
80G Donations for charitable purposes Any Assessee [except u/s. 80G (2)(c) donation to Olympic ass. by Co. only allowed] = Donations should not be in kind. = If paid out of another years income or out of income not includible in the assessment of the current year the deduction still available(Lt. F. No. 45/ 313/66-ITJ(61) dt. 2-12-1966 Amount of Donations, not exceeding 10% of GTI (As reduced by other deductions). = In certain cases this limit does not apply. = 1) 50% generally; and = 2) 100% in cases of PMs Relief Funds, Gujarat Earthquake Relief Funds, etc.