This section provides deduction for Certain donations made by assessee

 Important points

  1. This deduction available to all assessees 
  2. Donation in kind not allowed,
  3. If donation is greater than 10,000 it cannot be paid by cash .
  4. Proper proof of payment Should be obtained

    (Receipt to be obtained from Donee)

 

What is amount of deduction

On Certain donations,100% Deduction available

(If Rs 10000 donated,whole 10000 allowed as deduction under Section 80G)

While on others,50% Deduction Available

(If Rs 10000 donated,5000 allowed as deduction under Section 80G)

 

Note:-

Some of these donations (both 50% and 100%) are subject to qualifying limit

while others are without any qualifying limit 

  Section 80G Donations - Income Tax Act - Teachoo - Deductions for Individuals

New Deductions under 80G

100% Deduction is allowed now for donations in

  • National Fund for Control of Drug Abuse,
  • Swachh Bharat Kosh
  • Clean Ganga Fund.

These deductions are WITHOUT QUALIFYING LIMIT

 

Comparison of these 3 funds

Particulars

National Fund for Control of Drug Abuse

Swachh Bharat Kosh

 

Clean Ganga Fund.

 

This fund is for

Preventing use of drugs

Swachh Bharat Abhiyan

(improving sanitation facilities)

Clean river Ganga

Amount of Deduction

100%

100%

100%

Deduction Available to

All

All

Residents Only

Condition

-

If any amount spent under

CSR (Corporate Social Responsibility),then deduction not available

If any amount spent under

CSR (Corporate Social Responsibility),then deduction not available

 

 

  1. Income Tax
  2. Amendments Income Tax for November 2016 Exams
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