Hi,
Donations eligible for 50% deduction subject to 10% of adjusted gross total Income u/s 80G provided it is not approved by the prescribed authority under section 35.
Otherwise it will be covered under 80GGA.
Thanks & Regards,
Payal Chhajed
Sir if a salaried employee donate 40000 to a engineering college society. will it be reflected in ITR under 80G or 80GGA and is he eligible for exemption for100% or 50% donated amount.
Hi,
Donations eligible for 50% deduction subject to 10% of adjusted gross total Income u/s 80G provided it is not approved by the prescribed authority under section 35.
Otherwise it will be covered under 80GGA.
Thanks & Regards,
Payal Chhajed
Hi
Which engineering college is it?
Please check the donation receipt. The section under which deduction for donation shall be available would be mentioned on the receipt.
Section and percentage of deductions clearly mentioned on donation receipt it self thus please check the same , generally it’s under under 80G and 50% is allowed subject to maximum 10% of gross taxable income
Its totally depends upon the institution whether its fall under 50% category or 100%. Generally these institution falls under 50% category.
Further if you are filing Quick ITR/online Web Mode then just select 50% or 100% category as mentioned on receipt issued by engineering college society and portal will calculate deduction automatically.
Hi,
The section and % of deductions is usually mentioned on the donation receipt itself. However generally if the institution is eligible, it is u/s 80 G and 50% is allowed subject to maximum of 10% of gross taxable income.
Hope that clarifies.
Regards,
Nikhil.
Get the receipt from society,It's always mentioned in receipt whether donation is eligible for 80G or not and if yes how much..
Hope it helps
Hi,
The section and deduction percentage is generally printed on the receipt givennby the donee.
However generally these kind of donations are eligible u/s 80 G and 50% deduction is allowed subject to maximum of 10% of gross taxable income.