Limit for Donations in IT 80G
Balaji S (Business) (62 Points)
10 December 2020
what is the limit for Donations who has limit above 10lakhs income
3 Replies
rama krishnan
(12239 Points)
Replied 11 December 2020
Depending upon the nature of donations, the deduction allowed would be 150%, 100%, 50% or 10% of the gross total income. if you could elicit the nature of donations, then I could say under which category it lies among the aforesaid 4 percentages
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