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?
1 Replies
devang
(CA FINAL article )
(181 Points)
Replied 08 July 2011
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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