Deduction eligibility for donations: specified charitable contributions qualify for enhanced tax deductions subject to prescribed approvals and conditions. Schedule-16 sets tiered income-tax deduction rates for donations according to recipient and purpose: 175% for approved scientific research institutions, 125% for approved statistical or social science research institutions, 100% for a specified list of national and notified funds and institutions, and 50% for another specified list of funds, trusts and authorities. Approval by the prescribed authority and compliance with prescribed conditions and guidelines are required for eligibility, and certain items include additional definitional or administrative criteria.
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.
Deduction eligibility for donations: specified charitable contributions qualify for enhanced tax deductions subject to prescribed approvals and conditions.
Schedule-16 sets tiered income-tax deduction rates for donations according to recipient and purpose: 175% for approved scientific research institutions, 125% for approved statistical or social science research institutions, 100% for a specified list of national and notified funds and institutions, and 50% for another specified list of funds, trusts and authorities. Approval by the prescribed authority and compliance with prescribed conditions and guidelines are required for eligibility, and certain items include additional definitional or administrative criteria.
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