Upto FY 2016-17 donation in cash can be given upto a limit of Rs. 10,000 u/s 80 G. So how, limit is computed, is it payment wise or donee wise.
Please give the answer in following case:
Donation given in cash of Rs. 9000 4 times to a trust aggregating to Rs. 36000 in a FY. How much donation is eligible u/s 80 G?
Please answer giving relevant legal provisions supporting your answers.
"Donation given in cash of Rs. 9000 4 times to a trust aggregating to Rs. 36000 in a FY. How much donation is eligible u/s 80 G?"
Ans.: Rs. 10,000/-
Reference: Sec. 80G sub-sec.(5D) No deduction shall be allowed under this section in respect of donation of any sum exceeding ten thousand rupees unless such sum is paid by any mode other than cash.
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