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Eduncle posted an MCQ
October 13, 2019 • 22:56 pm 0 points
  • UGC NET
  • Commerce

X donated Rs 20,000 to a charitable institution, which is eligible for deduction u/s 80 G, during the financial year 2015-16. His total income during the period

X donated Rs 20,000 to a charitable institution, which is eligible for deduction u/s 80 G, during the financial year 2015-16. His total income during the period was Rs 1,50,000. How much deduction he can claims u/s 80 G ?

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    Eduncle Best Answer

    50 %  deduction to Qualifying amount of 1,50,000 = 75,000
    10 % of  Adjusted GTI of 75,000 = 7500 
    (B) Donation eligible for deduction to qualifying output
    (i) 100% deduction to qualifying output
              (a) Govt. or any approved local authority institution or association to be utilized for promoting family planning.
              (b) By company to Indian Olympic association or other notified association/institution in India, for development of infrastructure, for sports, games, or sponsorship.
    (ii) 50% deduction to Qualifying output
              (a) Govt. or local authority for charitable purpose except promoting family planning.
              (b) To approved charitable institution which satisfies conditions of sec. 80 (4) 
              (c) For renovation or repair any purpose, mosque, Gurudwara, Church
    (d) To housing development authority or city/town/village, development, authority constituted in India.
    Qualifying Amount 
    10% Adjusted GTI.
    Or
    Total of amount- [Whichever is lower )
    Adjusted GTI
    GTI x
    (–) Deduction permissible u/s 80c to 80U xx
    (–) Long term capital gain xx
    (–) Short Income on which Income or not payable xx
    (–) Income referred 115, 115AB, 115 AC, 115 AD
    (This sec. related income of NRI and foreign couples)

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