Menu
Regarding 80G....
I hv a small doubt. While calculating the deduction u/s 80 G we take into consideration the 10% of adjusted GTI.
Adjusted GTI= GTI- deductions u/c VI A
(assuming no shares income )
so if my GTI was like 350000 and u/c VI A i invested...
80C-100000
80D-30000
so will the adjusted GTI be 350000-100000-30000= 220000..
and deduction in 80G upto 10% of 220000= 22000....Is It True....
Replies (2)
Yes.... its True.. But u can claim only 50% (100% applicable only for few donations).
So u can claim 11000 (50% on 22000)
Dear Deepak,
Friend Vignesh is rite
Recent Threads
- Time allowed to buy another asset
- ITR not processed for the FY 2024-25
- Gift of money to my wife.
- Tax Audit If you show Loss
- GST Tax invoice Value Rs..234000
- Can I claim benefit under 54F if I sell my equity
- Income tax refund 25/26
- Who is responsible for paying GST Liability (If th
- Excess Payment on RCM
- AOC4 auto population of previous year data
Related Threads
CAclubindia
