Preethi Bharanidharan (1 Points)
07 July 2023I made donation of Rs 90,000 to Rays Educational Trust (PAN AABTR2828Q) and have taxable income Rs 3,00,000. What is the limit on section 80G deduction? what is the qualifying percentage for deduction? Is it "No Limit" for limit on deduction? Is it 100% qualifying for deduction?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(174763 Points)
Replied 07 July 2023
Donation to any educational trust/institution which satisfies the conditions mentioned in Section 80G(5), is eligible for 50% with qualifying limit.
Check the bottom of the receipt for its conditions for exemption.
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