Charitable Trust

Tax queries 413 views 1 replies

Is there any restrication for giving any donation to a charitable trust where the doner is a trustee in that trust & trust has 80G approval?

Replies (1)

deduction available to any tax payer following manner :

 

Step 1 : - Goss qualifying amount find out. ( means donation given to institute ) but it not in kind.

Step 2: - Net qualifying amount ( 10% Gross total income except deduction 80 c to 80 u, long term capital gain, STCG 111a)

 

step 3 :- amount dectible 


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