Question ID :
38184
DEDUCTION U/S.80G
Dear Friends
Please clarify on the following Point:-
An assessee during the Financial Year 2018-19 had made Donations to various Charitble Institutions including Chief Minister’s Distress Relief Fund Kerala which entitles 100% Tax Exempt U/s.80G(2) of the Income Tax Act.
Inorder to claim exemption U/s.80G whether the monetary ceiling limit of 10% of the total income is applicable for entire Donations made or the Donation entitled to 100% has to be claimed separately and balance under 50% c
Posted by
RAMAN
on
Jun 05, 2019
Filed Under
DIRECT TAXES
The restriction u/s 80G(4) shall not apply to the donation specified by you.
Posted by
SIVADAS CHETTOOR on
Jun 05, 2019
Answer ID :
76752
the 10% ceiling is not applicable to Chief ministers relief fund
Posted by
CA. VENKITARAMAN K V on
Jun 05, 2019
Answer ID :
76756
No, The Limit of 10% is applicable on certain donations only . thus in your case you'll get the benefit as law prescribed i.e. 50% or 100%
Posted by
HARJEET on
Jun 06, 2019
Answer ID :
76790
No limit of 10% is not applicable in Chief Minister's relief fund. 100% deduction u/s. 80G can be availed.
Posted by
CA. chunauti dholakia on
Jun 07, 2019