Deduction under section 80G expanded to allow specified aggregate donations to be deducted in computing taxable income. Amendment substitutes subsection (1) of section 80G to allow deduction of an amount equal to fifty per cent. of the aggregate of sums specified in ... Summary
Deduction under section 80G expanded to allow specified aggregate donations to be deducted in computing taxable income.
Amendment substitutes subsection (1) of section 80G to allow deduction of an amount equal to fifty per cent. of the aggregate of sums specified in subsection (2) when computing total income, and inserts a reference to clause (23C) after clause (23) in subsection (5)(i) to extend that provision's applicability.
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