deduction in respect of donations
This query is : Resolved
15 February 2008
Dear Sirs
I am confused with section 80(G) regarding deduction in respect of donations. Can you explain in simple words.
Regards
I am confused with section 80(G) regarding deduction in respect of donations. Can you explain in simple words.
Regards
15 February 2008
There are two types of donation. One is 100% deductible second is 50% deductible Means in first if you donate 100 Rs. you will get deduction of Rs. 100/- but if you donate to second category organization you will get 50/- as deduction. But there is thresh hold that deduction amount can not be more than 10% of adjusted income. Formula for adjusted income is given in sec 80G
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