Section 80G of Income Tax Act (India)
GPTKB entity
Statements (47)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
Section of Indian Income Tax Act
|
| gptkbp:amendedBy |
gptkb:Finance_Act,_2020
|
| gptkbp:applicableAssessmentYear |
year in which donation is made
|
| gptkbp:appliesTo |
gptkb:Hindu_Undivided_Families
individuals companies firms other persons |
| gptkbp:certificateRequired |
80G certificate from donee
|
| gptkbp:country |
gptkb:India
|
| gptkbp:deductionClaimedBy |
filing income tax return
|
| gptkbp:deductionClaimedUnder |
Chapter VI-A of Income Tax Act, 1961
|
| gptkbp:deductionLimit |
no qualifying limit for some donations
subject to qualifying limit for some donations |
| gptkbp:deductionNotAllowedFor |
donations to political parties
donations made in cash above Rs 2,000 donations made in kind donations made to non-registered institutions donations to foreign trusts donations to private individuals |
| gptkbp:deductionPercentage |
50% or 100% depending on institution
|
| gptkbp:deductionType |
gptkb:tax_law
|
| gptkbp:eligibility |
donations in kind
donations exceeding Rs 2,000 in cash |
| gptkbp:eligibleDonations |
charitable institutions
funds specified by government |
| gptkbp:examplesOfEligibleFunds |
gptkb:Prime_Minister's_Citizen_Assistance_and_Relief_in_Emergency_Situations_Fund_(PM_CARES_Fund)
gptkb:Prime_Minister's_National_Relief_Fund gptkb:Clean_Ganga_Fund Chief Minister's Relief Fund National Defence Fund State Government Relief Funds Swachh Bharat Kosh |
| gptkbp:excludes |
donations to political parties
donations to foreign trusts donations to private individuals |
| 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 |
deduction for donations
|
| gptkbp:purpose |
encourage charitable donations
|
| gptkbp:registrationRequiredForDonee |
Section 80G registration
|
| gptkbp:requires |
donation receipt
PAN of donee donation to be made via cheque, draft, or digital mode for amounts above Rs 2,000 |
| gptkbp:bfsParent |
gptkb:TTD_Annadanam_Scheme
|
| gptkbp:bfsLayer |
7
|