Deduction in respect of certain donations – u/s 80G

Eligible Contributions:    Individuals are entitled to deduction under 80G if they have made any contribution to or donated to approved funds and charitable institutions

Conditions:-      

·         Donation should be made in sum of money and not in kind

·         Proof of payment should be submitted along with returns.

·         Some of the eligible donations

·         National Defense Fund

·         National Sports fund

·         Prime Ministers National Relief Fund

·         National / State Blood Transfusion Council

·         Jawaharlal Nehru Memorial Fund

·         National Children’s Fund

·         Rajiv Gandhi Foundation

·         Indira Gandhi Memorial Trust

·         Donation to any notified temple gurudwara, mosque, church or other place.

·         Expenditure of religious nature not exceeding 5% of its total income.

·         Donation to any approved charitable institution satisfying prescribed conditions.

·         Prime minister drought relief fund

·         Fund for technology and application.

·         Army central welfare fund, air force central fund, Indian Naval benevolent fund.

·         Any fund set up by a state government to provide to the poor.

Filed under: Income Tax , Deduction, donations – u/s 80G