27 October 2010
I have sold a property for Rs. 10 lakhs. Out of this sales, I have to pay capital gain tax on Rs. 8 lakhs i.e 20% works out to Rs. 1.60 lakhs. But out of sale proceeds I have paid a donation of Rs. 2 lakhs to a trust. Please inform whether I can adjust the tax benefit u/s 80 g on my capital gain tax
CAclubindia
