Section 80G of the Indian Income Tax Act allows taxpayers to claim deductions for donations made to certain relief funds and charitable institutions. Here are some key points:
Eligibility: The deduction is available to individuals, companies, firms, Hindu Undivided Families (HUFs), and Non-Resident Indians (NRIs).
Mode of Payment: Donations can be made via cheque, demand draft, or cash (for amounts below ₹2,000). Donations above ₹2,000 must be made through non-cash modes.
Types of Donations: Donations can be eligible for 100% or 50% deduction, with or without a qualifying limit.
Documentation: To claim the deduction, you need to provide details such as the name, PAN, and address of the donee, along with the amount donated.
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