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Publish Date: 06-01-2017 23:42:31 | Contact name: 80g registration | Location: INDIA | Place: new delhi | 15 times displayed |



80g





Deductions under Section 80g

Contributions
made to certain relief funds and charitable institutions can be claimed as a
deduction under Section 80g of the Income Tax Act.



All
donations are not eligible for deduction under section 80g. Only donations made
to prescribed funds qualify as a deduction.



Deduction
allowed to all types of tax payers - This deduction can be claimed by any tax payer -individuals,
company, firm or any other person.



Mode of
Payment - This deduction can
only be claimed when the contribution has been made via cheque or draft or in
cash. But deduction is not allowed for donations made in cash exceeding Rs
10,000. In-kind contributions such as food material, clothes, medicines etc do
not qualify for deduction under section 80g.



Amount of
Donation - The various donations
specified in section 80G are eligible for deduction up to either 100% or 50%
with or without restriction as provided in section 80g.



How to
claim the deduction - To be able to claim
this deduction the following details have to be submitted in your Income Tax
Return




  • Name of the Donee

  • PAN of the Donee

  • Address of the Donee

  • and the amount contributed



Prescribed
funds & institutions under Section 80G



Donations
with 100% deduction without any qualifying limit:




  • National Defence Fund set up by the
    Central Government

  • Prime Minister's National Relief Fund

  • National Foundation for Communal Harmony

  • An approved university/educational
    institution of National eminence

  • Zila Saksharta Samiti constituted in any
    district under the chairmanship of the Collector of that district

  • Fund set up by a State Government for the
    medical relief to the poor

  • National Illness Assistance Fund

  • National Blood Transfusion Council or to
    any State Blood Transfusion Council

  • National Trust for Welfare of Persons with
    Autism, Cerebral Palsy, Mental Retardation and Multiple Disabilities

  • National Sports Fund

  • National Cultural Fund

  • Fund for Technology Development and
    Application

  • National Children's Fund

  • Chief Minister's Relief Fund or Lieutenant
    Governor's Relief Fund with respect to any State or Union Territory

  • the Army Central Welfare Fund or the
    Indian Naval Benevolent Fund or the Air Force Central Welfare Fund, Andhra
    Pradesh Chief Minister's Cyclone Relief Fund, 1996

  • The Maharashtra
    Chief Minister's Relief Fund during October 1, 1993 and October 6, 1993

  • Chief Minister's Earthquake Relief Fund, Maharashtra

  • Any fund set up by the State Government of
    Gujarat exclusively for providing relief to the victims of earthquake in Gujarat

  • Any trust, institution or fund to which
    Section 80G(5C) applies for providing relief to the victims of earthquake
    in Gujarat (contribution made during January 26, 2001 and September 30,
    2001) or

  • Prime Minister's Armenia
    Earthquake Relief Fund

  • Africa (Public Contributions - India)
    Fund

  • Swachh Bharat Kosh (applicable from FY
    2014-15)

  • Clean Ganga Fund (applicable from FY
    2014-15)

  • National Fund for Control of Drug Abuse
    (applicable from FY 2015-16)



Donations
with 50% deduction without any qualifying limit:




  • Jawaharlal Nehru Memorial Fund

  • Prime Minister's Drought Relief Fund

  • Indira Gandhi Memorial Trust

  • Rajiv Gandhi Foundation



Donations
to the following are eligible for 100% deduction subject to 10% of adjusted
gross total income:




  • Government or any approved local
    authority, institution or association to be utilised for the purpose of
    promoting family planning

  • Donation by a Company to the Indian
    Olympic Association or to any other notified association or institution
    established in India for the development of infrastructure for sports and
    games in India or the sponsorship of sports and games in India.



Donations
to the following are eligible for 50% deduction subject to 10% of adjusted
gross total income:




  • Any other fund or any institution which
    satisfies conditions mentioned in Section 80g(5)

  • Government or any local authority to be
    utilised for any charitable purpose other than the purpose of promoting
    family planning

  • Any authority constituted in India for the
    purpose of dealing with and satisfying the need for housing accommodation
    or for the purpose of planning, development or improvement of cities,
    towns, villages or both

  • Any corporation referred in Section
    10(26BB) for promoting interest of minority community

  • For repairs or renovation of any notified
    temple, mosque, gurudwara, church or other place.



Adjusted
total income: Adjusted gross total
income is the gross total income (sum of income under all heads) less the
following:




  • Amount deductible under Sections 80CCC to
    80U (but not Section 80G)

  • Exempt income

  • Long-term capital gains

  • Income referred to in Sections 115A,
    115AB, 115AC, 115AD and 115D, relating to non-residents and foreign
    companies



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Section 80g.

Section 80g
allows deductions for donations made towards scientific research or rural
development. This deduction is allowed to all assessees except those who have
income (or loss) from business and profession.



Mode of
payment - Donations can be made
in cheque or by draft or in cash; however cash donations in excess of Rs 10,000
are not allowed as a deduction.



100% of the
amount that is donated or contributed is considered eligible for deduction.



Eligible
donations under Section 80g.




  • Sum paid to a research association which
    undertakes scientific research, or sum paid to a college, university or
    any other institution to be used for scientific research and these are all
    approved by the prescribed authority under section 35(1)(ii)

  • Sum paid to a research association which
    undertakes research in social science or statistical research or sum paid
    to a college, university or any other institution to be used for the same
    purpose and these are all approved by the prescribed authority under
    section 35(1)(iii)

  • Sum paid to approved association or
    institution which undertakes any program of rural development and is
    approved under section 35CCA

  • Sum paid to an approved association or
    institution which undertakes trainings of persons for implementing
    programs of rural development

  • Sum paid to a public sector company, local
    authority or an approved association or institution which carries out
    project or scheme approved under section 35AC.

  • Sum paid to notified Rural Development
    Fund

  • Sum paid to notified Fund for
    Afforestation

  • Sum paid to notified National Poverty
    Eradication Fund



If a
deduction has been allowed under section 80g A, such expenses shall not be
deductible under any other provision of the income tax act.





http://www.ngoconsultancy.in/80g.html





Address : Crystal Consultancy, Office Number- 204, 45B, 1st
Floor, Hasanpur Main Road,
Patparganj, I.P. Extension, Delhi-
110092



phone
no-011-22235922,9711105597,7838272423,8377921790,9910867240.



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