Donation deduction threshold reduced: donations above the cash limit require non-cash payment, changing deduction eligibility. Amendment replaces the existing higher cash-payment threshold so that no deduction is allowable for any donation exceeding the revised cash limit unless such donation is paid by a mode other than cash; the change takes effect from the specified commencement date and applies to subsequent assessment 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.
Amendment replaces the existing higher cash-payment threshold so that no deduction is allowable for any donation exceeding the revised cash limit unless such donation is paid by a mode other than cash; the change takes effect from the specified commencement date and applies to subsequent assessment years.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.