For AY 2018-19 deduction u/s 80G is being calculated at 5% of Adjusted Gross total income as compared to 10% prescribed in the Act. I dont see any change in law. Please let us know if this an error in the utility or is there any specific reason for the same.
13 July 2018
If the donation is eligible for 50% deduction, then allowable deduction will be 50% of the qualifying amount meaning there by actual deduction amounts only to 5% of adjusted total income.
CAclubindia
