10 April 2013
Hi, Suppose I gave donation to CRY for Rs.3600/-. CRY claims that this deduction is eligible for 100% deduction under sector 80GGA and for 50% deduction under section 80G sub to qualifying limit. Pls suggest whether donation would be 100% expemt or 50%. Take net income above 5 lacs and there will not be any qualifying limit basis Net Income
I think it would be maximum Rs 1800/- basis 50% deduction under section 80G
first of all benefit u/s 80GGA is available only to those persons who does not have income under head P/G/B/P..
secondly benefit u/s 80GGA is available only for the donations given to Scientific research institute, social research institute,rural development project etc.