Donation under which head

Section 80G Deduction For Donation made. The main features of tax benefit with respect to charity are as follows: Page Contents Who can get a tax break? Which donations can get you a tax break? How much deduction will I get if I donate? Amount lying in stale draft account cannot be treated as income. Reassessment notice on account of change of opinion of AO quashed.

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September 14, at pm. Ganesh says:. I want to know if an NGO needs to obtain any permissions to issue e-donation receipts. Regards Ganesh. August 15, at pm. Raahul Sood says:. June 21, at pm. Ravindra Kumar A V S says:.

March 20, at pm. Sapna Singh says:. December 23, at pm. Priyanka SIngh says:. September 7, at pm. Sridhar Sundaragopalan says:. Tax Guru I would like to have listed of genuine Institutions are accepting donetions and or eligible to provide me with tax exemption certificate.

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Let's reshape it today. Corning Gorilla Glass TougherTogether. ET India Inc. ET Engage. ET Secure IT. Tax How to file ITR. Tax Saving. Contributions made to certain relief funds and charitable institutions can be claimed as a deduction under Section 80G of the Income Tax Act.

All donations, however, are not eligible for deductions under section 80G. Only donations made to prescribed funds qualify as a deduction. This deduction can be claimed by any taxpayer — individuals, companies, firms or any other person. This deduction can only be claimed when the contribution has been made via a cheque or a draft or in cash.

But the deduction is not allowed for donations made in cash exceeding Rs 10, In-kind contributions such as food, material, clothes, medicines etc. From Financial Year onwards: Any donations made in cash exceeding Rs 2, will not be allowed as a deduction. The donations above Rs 2, should be made in any mode other than cash to qualify as a deduction under section 80G.

To be able to claim this deduction the following details have to be submitted in your Income Tax Return :. The tax benefit will depend up on what is the tax rate applicable to the taxpayer. For example, Mr. P Pvt. The total income for the A.