Deduction under section 80GGA of the Income Tax Act, 1961 is available to all the taxpayers in respect of donations made for specific scientific, social or statistical research or rural development. The present article covers the detailed explanation on deduction available under section 80GGA.
Categories of persons eligible for claiming deduction under section 80GGA –
Deduction under section 80GGA is available to all the types of the assessee, i.e. individual, company, AOP, BOI, HUF etc.
However, only those assessee whose gross total income includes income chargeable under the head ‘Profit and gains of business or profession’ are not eligible for claiming deduction under section 80GGA.
Donations that qualify for deduction under section 80GGA –
Following is the list of donations that qualify for deduction under section 80GGA –
Please note that the research association, university, college or institution should be approved as per section 35 (1) (ii).
Please note that the research association, university, college or institution should be approved as per section 35 (1) (iii).
Manner of payment of donations –
For claiming deduction under section 80GGA, a donation can be made through any manner i.e. cash or cheque or draft etc. However, in case of donation through cash, the maximum amount of INR 10,000 would be allowed as deduction.
Amount of allowable deduction –
100% of the amount paid to the specified institution or association or university or college is allowed as deduction.
Other Suggested Articles on Chapter VIA Deductions
|1.||Deduction under section 80C of Income Tax Act|
|2.||Deduction under section 80CCC of Income Tax Act|
|3.||Deduction under section 80CCD of Income Tax Act|
|4.||Deduction under section 80D of Income Tax Act|
|5.||Deduction under section 80DD of Income Tax Act|
|6.||Deduction under section 80DDB of Income Tax Act|
|7.||Deduction under section 80E of Income Tax Act|
|8.||Deduction under section 80EEA of Income Tax Act|
|9.||Deduction under section 80EEB of Income Tax Act|
|10.||Deduction under section 80G of Income Tax Act|
|11.||Deduction under section 80GG of Income Tax Act|
|12.||Deduction under section 80GGA of Income Tax Act|
|13.||Deduction under section 80GGC of Income Tax Act|
|14.||Deduction under section 80QQB of Income Tax Act|
|15.||Deduction under section 80RRB of Income Tax Act|
|16.||Deduction under section 80TTA of Income Tax Act|
|17.||Deduction under section 80TTB of Income Tax Act|
|18.||Deduction under section 80U of Income Tax Act|