A CHENCHUMOHAN (CHARTERED ACCOUNTANT) (48 Points)
20 July 2011Freiends
While entering data in ITR 2 for Asst Year 2011-12 In the VI-A Deduction schedule Donations are grouped in one single Row/column. When I enter the Gross amount/ what ever amount the system calculation restricts it to 50% of 10% of Total Income. There is no provision for claiming 100% deduction group donations separately as is given in ITR 3 & 4. My client has Income from Other Sources & STCG ONLY. Hence I can not use ITR3 or 4. Pl advice what to do.
CA Chenchumohan. A. Hyderabad.
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 20 July 2011
A CHENCHUMOHAN
(CHARTERED ACCOUNTANT)
(48 Points)
Replied 21 July 2011
Respected Sir,
My query appears to have been mis read!
In ITR 2 there is no provision for those donations falling under 100% eligibilty - like "Prime Minister's Relief Fund", eyc., which do not fall under the LIMITATION of 10% gross qualifying Total Income.
The form is designed for only 50% caliculation.
In such cases, Can the assessee use any other form ITR 3 or 4. But they are for Partners / Own business people only.
Please clarify.
regards
chenchumohan. a.
CAclubindia
