Donation paid in Cash
shikha taparia (47 Points)
16 July 2019is there any limit to cash payment of donation..? if yes then pls provide section
shikha taparia (47 Points)
16 July 2019
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(168292 Points)
Replied 16 July 2019
Cash donation upto Rs. 2000/- is allowed to be deducted u/s. 80G.
rishabhsharma
(Article Assistant)
(140 Points)
Replied 16 July 2019
Under section 80G,
1. If cash donation is upto Rs. 2,000, whole amount is exempt u/s 80G.
2. If cash donation is more than Rs. 2,000, you wont get any deduction u/s 80G.
shikha taparia
(47 Points)
Replied 16 July 2019
rishabhsharma
(Article Assistant)
(140 Points)
Replied 16 July 2019
1. No restrictions
2. whole amount shall be disallowed. you will not get any deduction.
3. You can also make cash donation u/s 80GGA for scientific research or rural development.
4. The limit of cash donation u/s 80GGA is Rs. 10,000. Functionality of section 80G and 80GGA is same. If you make donation in excess of Rs, 10,000 , whole amount shall be disallowed.
Thanks.
rama krishnan
(12234 Points)
Replied 16 July 2019
Live class on PF & ESI Enrollment & Returns Filing(with recording)