my salary 480000 p.a. i would give donation on trust rs.225972. which amout shoulde be deduction under sec 80g as per income tax act 1961
9 Replies
Udgam Koomar
(Tax Technologist)
(1949 Points)
Replied 21 August 2015
It depends on the permit this organization has and if its 100% or 50% applicable and with or without limit. Check the receipt
kedar
(student)
(49 Points)
Replied 21 August 2015
24000, since most of the trusts are covered under 50% with limit.
raghavan
(self)
(611 Points)
Replied 21 August 2015
Agreed with kedar. Always take exemption certificate order copy from trust and it gives details of eligibility by date etc. Else u can also refer to concerned a.o. for relevance
V SANDEEP
(information about students exams)
(23 Points)
Replied 21 August 2015
50% or 100% according to the category of trust subject to 10% of adjusted gross total income
Bhupendra
(Accountant)
(33 Points)
Replied 22 August 2015
donation for medical cheritable trust obtained the exemption under sec. 80G(5) in that case i declared on with or without qualifying limit
Bhupendra
(Accountant)
(33 Points)
Replied 22 August 2015
donation for medical cheritable trust obtained the exemption under sec. 80G(5) in that case i declared on with or without qualifying limit
ADARSH GUPTA
(ca final)
(24 Points)
Replied 24 August 2015
Donation under sec 80G regarding trust; temples; etc shall be 50% with limit
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