X

S.80G No deduction if donation in cash exceeds ten thousand rupees

A new clause has been added to sub-section (5C) of Section 80G vide Finance Bill 2012 where no deduction shall be allowed under this section in respect of donation of any sum exceeding ten thousand rupees, unless such sum is paid by any mode other than cash. As per the new sub-section (5D) to Section 80G any payment exceeding a sum of ten thousand rupees shall only be allowed as a deduction if such sum is paid by any mode other than cash.

A new clause has been added to sub-section (5C) of Section 80G vide Finance Bill 2012 where no deduction shall be allowed under this section in respect of donation of any sum exceeding ten thousand rupees, unless such sum is paid by any mode other than cash.

As per the new sub-section (5D) to Section 80G any payment exceeding a sum of ten thousand rupees shall only be allowed as a deduction if such sum is paid by any mode other than cash.

These amendments will take effect from 1st April, 2013 and will, accordingly, apply in relation to assessment year 2013-14 and subsequent assessment years.

Amendment of section 80G vide finance Bill 2012 dated 16.03.2012

27. In section 80G of the Income-tax Act, after sub-section (5C), the following sub-section shall be inserted with effect from the 1st day of April, 2013, namely:—

“(5D) No deduction shall be allowed under this section in respect of donation of any sum exceeding ten thousand rupees unless such sum is paid by any mode other than cash.”.

Categories: Income Tax

View Comments (8)

  • agar 9000 cash donation or 5000 cheque sy donation ki ho to deduction kis amount per melege.

  • If cash donation in an year is Rs.9000 and cheque donation is Rs.5000, deduction will be for Rs.14,000. If the cash donation by cash is Rs.11000 and chque donation is rs.5000, deduction will be for Rs.10000 plus 5000, i.e. Rs.15,000/- Donation made above Rs.10000 by cash will be restricted to Rs.10000/-

  • These amendments will take effect from 1st April, 2013 and will, accordingly, apply in relation to assessment year 2013-14 and subsequent assessment years.

    if it take effect from 01.04.2013 then the assessment year would be 2014-15 , please see the comment some where some mistake may i am worng.

  • Donation paid in Cash Rs. 44675/- for deduction U/s 80 G.
    Deduction is amount .............?

  • Can a trust issue 80G certificates to a group of 30 donors who donate 7500 each having individual pan no.And can they avail deduction u/s 80 G.Thanks

1 2
X

Headline

Privacy Settings