U/s. 80G

hari2009 (Executive) (224 Points)

19 February 2009

what is limit u/s 80 G

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CA CS VINAYAK PATIL (CHARTERED ACCOUNTANT) (921 Points)
Replied 19 February 2009

Originally posted by :harinath
"	hi what is limit u/s 80 G	"

Deduction limit is depend on u r donors 80G Certificate

LAXMIKANT JAIPURKAR (Practicing Company Secretary/Tax Consultant) (403 Points)
Replied 19 February 2009

There is no specified limit. However, it depends on to whom you are paying the donation.

In some cases 50% of the donation is allowed and for some organisation it is 100% allowable.

yogesh dave (service) (376 Points)
Replied 19 February 2009

there is a limit for donations made out of income from salary

CA. Ashok shah (CHARTERED ACCOUNTANT) (333 Points)
Replied 19 February 2009

Certain donations eligible for 100% or 50% deductions are subject to the ceiling of 10% of GTI of the assessee as reduced by:

i) Deductions u/s.80CCC to 80U (Excl. 80G),

ii) Such income forming part of the total income but on which income-tax is not payable,

iii) LTCG

iv) STCG taxable u/s.111A and

v) Income refereed to in Sec. 115A, 115AB, 115AC or 115AD.

samyuktha (service) (42 Points)
Replied 20 February 2009

In some cases 50% or 100% of the donation is allowed and for some cases donation is restricted to 10% of total income

you can get more information at https://www.payit.in
developed by mimir software https://www.mimir.in

You can calculate your income tax at https://www.payit.in

regards,

samyuktha

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