Donation mode requirement: deduction denied for donations above threshold unless paid by non-cash methods. Amendment imposes a non-cash payment requirement for tax deductions under section 80G: donations exceeding a specified monetary threshold will not qualify ... Summary
Donation mode requirement: deduction denied for donations above threshold unless paid by non-cash methods.
Amendment imposes a non-cash payment requirement for tax deductions under section 80G: donations exceeding a specified monetary threshold will not qualify for deduction unless paid by a mode other than cash, and this condition applies from the stated commencement to the relevant assessment year and subsequent years.
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