Dear Members,
I want to know the basic difference in b/w DEDUCTION U/s 80G & 35AC .
Dear Members,
I want to know the basic difference in b/w DEDUCTION U/s 80G & 35AC .
Payment qualifying 35AC is applicable only inrespect of assessment of business income, where as eligible payment u/s 80G is deducted from total taxable income. This is the basic difference, apart from differences in eligibility criteria.
CAclubindia
