Section 80G of Income Tax Act, India
GPTKB entity
Statements (37)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
Section of Indian Income Tax Act
|
| gptkbp:administeredBy |
gptkb:Central_Board_of_Direct_Taxes_(CBDT)
|
| gptkbp:amendedBy |
gptkb:Finance_Act,_2020
|
| gptkbp:applicableAssessmentYear |
current and subsequent assessment years
|
| gptkbp:appliesTo |
gptkb:Hindu_Undivided_Families
individuals companies firms other persons |
| gptkbp:benefitClaimedUnder |
Chapter VI-A of Income Tax Act, 1961
|
| gptkbp:country |
gptkb:India
|
| gptkbp:deductionLimit |
no qualifying limit for some donations
subject to qualifying limit for some donations |
| gptkbp:deductionPercentage |
100%
50% |
| gptkbp:deductionType |
deduction from gross total income
|
| gptkbp:eligibility |
donations in kind
donations to non-approved institutions |
| gptkbp:eligibleDonations |
donations to specified funds and charitable institutions
|
| gptkbp:examplesOfEligibleFunds |
gptkb:Prime_Minister's_Citizen_Assistance_and_Relief_in_Emergency_Situations_Fund_(PM_CARES_Fund)
gptkb:Prime_Minister's_National_Relief_Fund Chief Minister's Relief Fund National Defence Fund approved charitable institutions |
| gptkbp:excludes |
donations to political parties
donations to private trusts |
| https://www.w3.org/2000/01/rdf-schema#label |
Section 80G of Income Tax Act, India
|
| gptkbp:introducedIn |
1967
|
| gptkbp:partOf |
gptkb:Income_Tax_Act,_1961
|
| gptkbp:providesFor |
tax deduction for donations
|
| gptkbp:purpose |
encourage philanthropy
|
| gptkbp:requires |
80G certificate from donee
PAN of donee for donations above Rs 10,000 donation receipt donations above Rs 2,000 to be made by non-cash modes |
| gptkbp:bfsParent |
gptkb:Armed_Forces_Relief_Fund
|
| gptkbp:bfsLayer |
6
|