80g

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

11 July 2014 I have donated Rs. 2500 to Axis Bank Foundation in F.Y. 2013-14 as follows:
1) Rs. 1000 - voluntary contribution, on account of donation towards Odisha Cyclone Relief Fund
2) Rs. 1000 - voluntary contribution, on account of donation towards Uttarakhand Relief Fund
3) Rs. 500 - voluntary contribution from salary deduction, on account of AXIS cares - payroll donation program

In which Category of 80G, I can claim the exemption
A-Donations with 100% deduction without any qualifying limit.
B-Donations with 50% deduction without any qualifying limit.
C-Donations with 100% deduction subject to qualifying limit.
D-Donations with 50% deduction subject to qualifying limit.

Do I need to attach any documentary proofs along with tax return ITR-V in case e-filing?

Nischit Sanghavi

Nischit Sanghavi (Expert)
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12 July 2014 1st and 2nd Donation of Rs.1000 each is available at 100% without applying qualifying limit.

Donation to Axis cares is not eligible. If it is mentioned in the receipt that exemption available u/s 80g then it will be exempt with applying qualifying limit.

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Querist : Anonymous

Querist : Anonymous (Querist)

15 July 2014 yes exemption under 80G is mentioned on all the three receipts.

So for third donation, will it be 100% or 50% ?

Thank you...

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Nischit Sanghavi

Nischit Sanghavi (Expert)
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16 July 2014 Then it is allowed @ 50% within qualify limit.