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80G percentage.

28 May 2023

What is the % of deduction (with or without qualifying limit) for donation to Kashi Annapurna Anna Kshetra Trust, Varanasi?
Anyone please inform.

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2 Replies

CA Aakarsh Jain (CA) (10431 Points)
Replied 29 May 2023

Eligible for 50% deduction subject to 10% of adjusted gross total income

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mvsoffers (7 Points)
Replied 27 October 2023

Shri Akarsh Jain

Kindly clarify

I need a clarification on 80G. Can you please clarify. As per my understanding for the donation made under "50% subject to qualifying limit" category, eligibility for deduction is as follows: " 50% of the amount donated or 10% adjusted Gross total income whichever is less". I am not clear whether my understanding is right, since there are different views. Recently I have seen in one forum one member says "the amount was restricted to " 50% of 10% of AGTI (in effect 5% of AGTI instead of restricting to 10% of AGTI (where 50% of donation amount is much higher" . If this interpretation is correct, can you please tell me which part of the 80 G rule conveys this. I read several times and tried to understand but the Acts and clauses are much complicated to understand. The rule says "......amount beyond 10% of the AGTI to be ignored..." which means the eligible donation amount for deduction is to be restricted to 10% of AGTI.

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