80G Deduction
This query is : Resolved
28 January 2011
What is the percentage of deduction if the Assessee pays a donation to Child Relief and You (CRY)?
28 January 2011
All donations to CRY are 50% exempt from tax under section 80G of the Income Tax Act,1961 and 100% exempt under sections 80GGA or 35AC of the said act.
28 January 2011
under 80G its 50 %.
28 January 2011
However under section 80GGA or 35AC, you can get 100 % exemption, but then you need to have a receipt applicable under the relevant section.
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28 January 2011
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