Gouthami (IPCC ) (80 Points)
21 April 2011Genenral deductions...sec-80G Donation
after calculation of amount of deduction we compare it with (GTI-LTCG-STCG(111A)-casual) n deduct which ever is less...is dis correct??
wt is d logic behind dis...?
does dis apply to every question wid 80G???
BUSIBESS AND PROFESSION
donation to ASSOCIATON(in house) SEC35-->200% exempt...
if any onther company--->150%
correct...??
can ny 1 explain sec 35 cleary...??plssss.....
CA Himanshu Bansal
(Risk Manager)
(2345 Points)
Replied 23 April 2011
Section 80G deductions, subject to qualifying limits, are the only donations which shall be calculated by this method.. ( 100 % or 50 % , subject to qualifying limit)..
For the list of such donations refer the text book..
No idea about the logic 
CAclubindia
