Deduction under section 80G of Income Tax Act

• September 30, 2019
• CA Chandan Agarwal's Office

Deduction under section 80G can be claimed by all the types of taxpayers like individual, HUF, AOP, company, firm etc.

Donations / contributions that qualify for deduction under section 80G –

Under section 80G, the donations / contribution is divided into the following four groups –

1. Donations qualified for 100% deduction without qualifying limit.

2. Donations qualified for 100% deduction subject to 10% of the adjusted gross total income.

3. Donations qualified for 50% deduction without qualifying limit.

4. Donations qualified for 50% deduction subject to 10% of the adjusted gross total income.

Bifurcating hereunder various specified funds based on the above four groups –

Read more on: https://taxguru.in/income-tax/deduction-section-80g-income-tax-act.html