Charitable deduction cap: excess donations above the statutory proportion of gross income excluded from deductions under section 80G. The substituted sub-section (4) provides that where the aggregate of specified donations exceeds ten per cent. of the gross total income (after prescribed ... Summary
Charitable deduction cap: excess donations above the statutory proportion of gross income excluded from deductions under section 80G.
The substituted sub-section (4) provides that where the aggregate of specified donations exceeds ten per cent. of the gross total income (after prescribed reductions), the amount in excess of ten per cent. shall be ignored for the purpose of computing the aggregate of sums eligible for deduction under sub-section (1).
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