Can employee get Income Tax benefit if he produce the receipt of donation to approved fund (under 80g) or he should claim it during filling the Income Tax return . Please explain.
CA. Amit Daga
(Finance Controller CA. CS. CFA. CIFRS. M.COM. )
(9017 Points)
Replied 27 November 2008
Hi Subodh
Employee is eligible for 80G.If he produce the receipt of donation to the company..But practically most of the companies are not giving the 80G benefit .. In that case you need to file your recepit along with your Return and .. take a refund from the Department
CA Vaibhav Jain
(Deputy Chief Manager)
(100 Points)
Replied 27 November 2008
| Originally posted by :Subodh | ||
| " | Can employee get Income Tax benefit if he produce the receipt of donation to approved fund (under 80g) or he should claim it during filling the Income Tax return . Please explain. | " |
Yes, employee can get the benefit of 80G
Subodh
( )
(402 Points)
Replied 28 November 2008
Thanks Amit,
It means if any employee prouduce the receipt to me I can give him exemption of Income Tax accordingly right? Please confirm again.
CA Shree Jain
(Chartered Accountant)
(1572 Points)
Replied 28 November 2008
Yes Subodh ,
You can do accordingly section 80G for exemptions.
CA Mohit Mohan
(c.a. profession)
(557 Points)
Replied 28 November 2008
Go as suggested by AMIT DAGA..... Correct.
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