Donation deduction now requires non-cash payment above the prescribed threshold to qualify for tax deduction. A new provision disallows deduction for donations under the charitable donation provision for scientific research and rural development in respect of any sum exceeding the prescribed threshold unless such sum is paid by a non-cash mode; the rule is effective from the stated commencement date and applies to the relevant assessment year and subsequent years.
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.
Donation deduction now requires non-cash payment above the prescribed threshold to qualify for tax deduction.
A new provision disallows deduction for donations under the charitable donation provision for scientific research and rural development in respect of any sum exceeding the prescribed threshold unless such sum is paid by a non-cash mode; the rule is effective from the stated commencement date and applies to the relevant assessment year and subsequent years.
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