Deduction u/s 80G
This query is : Resolved
03 August 2010
I have made donation of Rs. 85000 to notified temple and which is eligible for deduction u/s 80G (written on receipt), but my employer (company) denying the deduction saying that u will not get deduction from company. Please advice with relevant section and is possible please also provide me with some case law
03 August 2010
Your employer is right. Donations made to charitable & religious trusts will not be considered for the purpose of TDS u/s 192. You have to claim the deduction separately while filing your income tax return.
Deduction can be claimed u/s 80G at 50% of the amount donated, subject to a maximum of 10% of your Gross total income.
Deduction can be claimed u/s 80G at 50% of the amount donated, subject to a maximum of 10% of your Gross total income.
03 August 2010
If at all the donation is eligible for 80G deduction, for computing TDS by the employer, they are not supposed to take into account donation. Consequently, the employee has to file the income tax return by availing the deduction under section 80G, if it as eligible donation.
03 August 2010
Agreed
03 August 2010
AGREED, AS PER CIRCULAR NO.1/2010 DATED 11 JAN 2010, IT IS CLEARY MENTIONED THAT The tax relief on such donations as admissible under section 80G of the Act, will have to be claimed by the taxpayer in the return of INCOME.
HENCE AT THE TIME OF FILING ITR , YOU CAN CONSIDER IT.
HENCE AT THE TIME OF FILING ITR , YOU CAN CONSIDER IT.
03 August 2010
Agreed
03 August 2010
agreed to all experts,
80G deduction is not calculted by employer and for to claim exemption you have to claim in ITR
80G deduction is not calculted by employer and for to claim exemption you have to claim in ITR
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
- 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.
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- GST ON EXPORT COMMISSION
- Should I report my US salary for January, February, March in Schedule FA?
- 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
- 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 ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
