deduction U/s 80G

tarandeep singh saluja (CA FINAL) (398 Points)

25 November 2010  

Easy way to learn deduction U/s 80G

DEDUCTION UNDER SECTION 80 G

 

50% of the actual amount

 

1)      Indra Gandhi

2)      Rajeev Gandhi

3)      Jawaharlal Nehru

4)      Children Welfare

5)      P.M Drought Releif Fund

50% of the qualifying amount

 

1)      Temple, Mosque, Chruch, Gurdwara

2)      Development of city town

3)      Minority Interest

4)      Charitable Purpose

100% of the qualifying amount

 

1)      Family Planning

2)      Olympic Association

 

 

 

 

 

 

 

 

 

 

Note:-

1)      Except these given remaing will be 100% of Actual amount

2)      Donation to unapproved institution is not allowed

3)      Donation in kind is not allowed

Calculation of qualifying amount

Actual amount donated or 10% of Adjusted GTI which ever is less

Calculation of Actual GTI

GTI – LTCG – STCG u/s111A – Deduction u/s 80C to 80U except 80G = Adjusted GTI

 

 

by-

Tarandeep Singh Saluja

Ph No. 9026556636