Tax deduction for donations to specified organisations clarified with eligibility, caps, exclusions, and approval conditions. Tiered statutory deductions are allowed for monetary contributions to entities listed across Parts I-IV of the Sixteenth Schedule, with progressively lower deduction rates and an aggregate cap on donations to Part IV tied to gross total income. Deductions are disallowed where amounts are used for religious activities or benefit a particular caste other than Scheduled Castes or Scheduled Tribes. Donations to Part IV require prior approval by the prescribed authority under prescribed conditions, and a donor's deduction is not denied solely because the donee later ceases to be a non-profit.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tax deduction for donations to specified organisations clarified with eligibility, caps, exclusions, and approval conditions.
Tiered statutory deductions are allowed for monetary contributions to entities listed across Parts I-IV of the Sixteenth Schedule, with progressively lower deduction rates and an aggregate cap on donations to Part IV tied to gross total income. Deductions are disallowed where amounts are used for religious activities or benefit a particular caste other than Scheduled Castes or Scheduled Tribes. Donations to Part IV require prior approval by the prescribed authority under prescribed conditions, and a donor's deduction is not denied solely because the donee later ceases to be a non-profit.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
