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Donations to certain funds and trusts are eligible for tax deductions under Section 80G of the Indian Income Tax Act. Donations to 15 specified funds are eligible for a 50% tax deduction, while donations to 21 other funds including national defense funds, chief minister's relief funds, and funds for education, sports, culture or medical relief for the poor are eligible for a 100% tax deduction.
Donations to certain funds and trusts are eligible for tax deductions under Section 80G of the Indian Income Tax Act. Donations to 15 specified funds are eligible for a 50% tax deduction, while donations to 21 other funds including national defense funds, chief minister's relief funds, and funds for education, sports, culture or medical relief for the poor are eligible for a 100% tax deduction.
Donations to certain funds and trusts are eligible for tax deductions under Section 80G of the Indian Income Tax Act. Donations to 15 specified funds are eligible for a 50% tax deduction, while donations to 21 other funds including national defense funds, chief minister's relief funds, and funds for education, sports, culture or medical relief for the poor are eligible for a 100% tax deduction.
Payment to the following bodies to the extent of 50% deduction
i. Jawaharlal Nehru Memorial Fund
ii. The Prime Minister’s Drought Relief Fund iii. The National Children’s Fund iv. The Indira Gandhi Memorial Trust v. The Rajiv Gandhi Foundation
Payment to the following bodies to the extent of 100% deduction
i. National Defence Fund or The Prime Minister’s National Relief Fund.
ii. The Prime Minister’s Armenia Earthquake Relief Fund. iii. The Africa (Public Contributions – India) Fund. iv. The National Foundation for Communal Harmony. v. Chief Minister’s Earthquake Relief Fund – Maharashtra vi. National Blood Transfusion Council. vii. State Blood Transfusion Council. viii. Army Central Welfare Fund. ix. Indian Naval Benevolent Fund. x. Air Force Central Welfare Fund. xi. The Andhra Pradesh Chief Minister’s Cyclone Relief Fund – 1996. xii. The National Illness Assistance Fund. xiii. The Chief Minister’s Relief Fund or Lieutenant Governor’s Relief Fund in respect of any State or Union Territory as the case may be, subject to certain conditions. xiv. The University or Educational Institution of national eminence approved by the Prescribed Authority. xv. The National Sports Fund to be set up by Central Government. xvi. The National Cultural Fund set up by the Central Government. xvii. The Fund for Technology Development and Application set by the Central Government. xviii. The National Trust for Welfare of persons with Autism, Cerebral Palsy, Mental Retardation and Multiple disabilities. xix. Any fund set up by the State Government of Gujarat exclusively for providing relief to the victims of earthquake in Gujarat. xx. Any Zila Saksharta Samiti in any district under the chairmanship of the Collector of that district for the purpose or purposes of improvement of primary education in villages and towns in such district and for literacy and post-literacy activities. xxi. Any fund setup by a State Government to provide medical relief to the poor