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of <h1>Finance Bill 2020 amends Section 80GGA, lowering cash donation deduction limit from 10,000 to 2,000.</h1> Clause 34 of the Finance Bill, 2020, amends section 80GGA of the Income-tax Act, effective June 1, 2020. It reduces the cash donation limit eligible for deductions from ten thousand to two thousand rupees. Additionally, a new Explanation is added, clarifying that deductions for sums mentioned in sub-section (2) will be allowed based on information provided by the payee to the income-tax authority, subject to verification under a risk management strategy by the Board. This amendment pertains to deductions for donations towards scientific research or rural development.
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