There is a new amendment in section 80G that any amount contributed as donation for an amount exceeding Rs.10000 should not be made by cash to claim exemption under this section. My question is whether we should consider the aggregate of donations made for the year? (eg: Donation to Prime Ministers National relief fund - Rs.7500 and Donation to approved public trust - Rs.8000.The donations are made at different points of time.Should i consider the aggregate amount to calculate the amount of deduction ?)
3 Replies
manoj
(student)
(5205 Points)
Replied 29 December 2012
dear prime minister relief fund always paid by cheque so remaing will be eligible
@VaibhavJ
(Believe!! Live your dreams!)
(33516 Points)
Replied 30 December 2012
HI
Ii speaks about a single donation made, if its more than 10K then same wud not be counted for exemption.
Thanks!!
CA D.C. Bansal
(Accounts Head)
(283 Points)
Replied 31 December 2012
In my opinion, disallowance under the section is for any single amount of more than Rs.10,000/-.
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