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Deductions

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(Querist)
04 March 2010 What are the deductions available for donation. IS every doanation eligible for deduction.
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Rasesh

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Rasesh (Expert)
04 March 2010 Donations to notified trusts are only exempt. The organisation to whom donation is made generally write on the receipt their registration number and the extent to which the donation is exempt i.e. 100% or 50%.

Hence, all donations are not exempt.
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Zeeshan

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Zeeshan (Expert)
04 March 2010 Donation to political parties is also qualify for deduction.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
07 March 2010 Based on notified by CBDT

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