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Donation

Sameer Khond (student) (38 Points)

04 July 2011

what will be the amt. of deduction in respect of donation given to a registered charitable trust?

will i have to calculate the Gross adjusted total income or will i get the ad hoc 50% deduction?

The amount of donation is 2,00,000/-

GATI-6,00,000/-

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12 Replies

(Guest)

60000 Rs

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Seetha (B.Com, CA) (278 Points)
Replied 04 July 2011

U will have to see if the institution to which donation was given falls under the list provided u/s. 80G.

[

a) 100% deduction without any qualifying limit (e.g., Prime Minister’s National Relief Fund).

b) 50% deduction without any qualifying limit (e.g., Indira Gandhi Memorial Trust).

c) 100% deduction subject to qualifying limit (e.g., an approved institution for promoting family planning).

d) 50% deduction subject to qualifying limit (e.g., an approved institution for charitable purpose other than promoting family planning).]

if the just a registered institution (not pertaining to the list) and they are providing you 80G certificate, then u should calculate 100%/50% of the adjusted GTI (as the case may be).

therefore in given case if ur institution is only registered one (not pertaining in the list)

Rs. 60000/- will be only allowed as deduction

(further u can visit https://taxguru.in/income-tax/all-about-deduction-under-section-80g-of-the-income-tax-act-1961-for-donation.html)

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CA ADITYA SHARMA (CA IN PRACTICE ) (16719 Points)
Replied 04 July 2011

Originally posted by : Ragini
	U will have to see if the institution to which donation was given falls under the list provided u/s. 80G. if the just a registered institution (not pertaining to the list) and they are providing you 80G certificate, then u should calculate 100%/50% of the adjusted GTI (as the case may be). therefore in given case if ur institution is only registered one (not pertaining in the list) Rs.60000/- will be only allowed as deduction

agreed

1 Like

Vijay (Adamo Studio) (2112 Points)
Replied 04 July 2011

It is subject to 10% of adjusted GTI so will be 60000 in your case

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KORGAONKAR ASSOCIATIES (pratice) (118 Points)
Replied 04 July 2011

It is subject to 10% of adjusted GTI so will be 60000 in your case and 50% of that as its not 100% deduction categeorgy than only 30000/- deduction get

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Sameer Khond (student) (38 Points)
Replied 04 July 2011

how do i determine the category of the trust whether the 50% or 100% category

nothing is mentioned on the receipt or order of I.T. dept?

Sumit Grover (Chartered Accountant ) (3652 Points)
Replied 04 July 2011

"It is subject to 10% of adjusted GTI so will be 60000 in your case and 50% of that as its not 100% deduction categeorgy than only 30000/- deduction get"

agreed

Paras (Mcom,CA Final) (122 Points)
Replied 04 July 2011

Max. limit is Rs. 60,000.

Allowable deduction is Rs.30000

Rup Kumar (finance manager) (288 Points)
Replied 05 July 2011

It is subject to 10% of adjusted GTI so will be 60000 in your case and 50% of that as its not 100% deduction categeorgy than only 30000/- deduction get u/s 80G

Agreed

devang (CA FINAL article ) (181 Points)
Replied 05 July 2011

if it is qualifyig then 100% or 50% which category following ur kind of donation is 10% of GATI.

if it is not qualifying then 100% or 50% which category following ur kind of donation

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srinivass (CA Final) (2466 Points)
Replied 05 July 2011

Originally posted by : Vijay Manwani (Vicky)
	It is subject to 10% of adjusted GTI so will be 60000 in your case

(Guest)

Originally posted by : vijay korgaonkar
	It is subject to 10% of adjusted GTI so will be 60000 in your case and 50% of that as its not 100% deduction categeorgy than only 30000/- deduction get