80g
This query is : Open
16 June 2017
If an Individual / company donates land to a charitable trust registered u/s 12A of the Income tax Act, would the individual / company eligible for getting exemption u/s 80G? If yes, how would it be calculated?
16 June 2017
For Claiming 80G donation mode should be in cheque or draft or in cash. But deduction is not allowed for donations made in cash exceeding Rs 10,000.
26 June 2017
Thanks Sir.
So if individual / company makes such a donation, would there be a capital gain to be calculated or it would straightaway reduced from the capital of the individual / company and no tax implications would be there to the donor. Please suggest.
So if individual / company makes such a donation, would there be a capital gain to be calculated or it would straightaway reduced from the capital of the individual / company and no tax implications would be there to the donor. Please suggest.
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
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- TDS deduction (debit notes)
- Can a partnership firm become partner in a LLP ?
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- 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
- TDS on purchase of value vouchers for employees ?
- 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 ?
Trending Online Classes
CAclubindia
