Question ID :
42189
Donation allowed
Can Donation upto 2% of the expenses can be claimed as deduction. Whether this Donation can also be claimed u/s 80G if 50% of such donation is allowed as exemption? If not, why to claim 80G where only 50% exemption, when allowed as expenses 100%. Please respond with relevant case, if any
Posted by
SURAJ KUMAR CHOUDHARY
on
Dec 09, 2021
Filed Under
DIRECT TAXES
We will disallow any donation while computing income under Income tax and then claim deduction under section 80G, if eligible. In Books of accounts we just show it as an expense for accounting purpose.
Posted by
VINAY BHARGAV KUMAR G on
Dec 10, 2021