One of my Client made Donation to TTD Rs.200000/- on October-2019 and also another trust Rs.147000/- on may 2019.
Can he Claim Total Amount as Deduction or 50 percentage.
both have 80G registrations.
kandi kumaridevi (25 Points)
02 December 2019One of my Client made Donation to TTD Rs.200000/- on October-2019 and also another trust Rs.147000/- on may 2019.
Can he Claim Total Amount as Deduction or 50 percentage.
both have 80G registrations.
CA Ankit R Momaya
(Partner at Bhat Momaya & Associates)
(2319 Points)
Replied 02 December 2019
Only 50% of the above Payment Made, subject to Qualifying Limits. The above deduction is eligible only if it is a Non- Cash payment.
Kapadia Pravin
(17259 Points)
Replied 02 December 2019
Eshwar N
(Retired)
(15 Points)
Replied 03 December 2019
Kapadia Pravin
(17259 Points)
Replied 03 December 2019
Padmini
(Coder)
(32 Points)
Replied 30 July 2023
I made a donation to TTD in 2018. I was not taxable at that time and hence I didn't claim tax exemption. But, now that I'm taxable, can I claim tax exemption in this AY23-24 for that donation made 5-6 years ago?
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