Donation deduction for research: qualifying contributions to approved institutions permitted, subject to exclusions and verification. Deduction is available for sums paid to associations or approved universities, colleges or other institutions for scientific research and for research in social science or statistical research. Deductions are disallowed if the assessee's gross total income includes business or professional income or if the contribution is made in cash beyond the prescribed limit. Withdrawal of approval after payment does not nullify a valid claim. Claims rest on information furnished by the payee to the prescribed authority and are subject to verification; a payment allowed under this section cannot be claimed under any other provision.
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 for research: qualifying contributions to approved institutions permitted, subject to exclusions and verification.
Deduction is available for sums paid to associations or approved universities, colleges or other institutions for scientific research and for research in social science or statistical research. Deductions are disallowed if the assessee's gross total income includes business or professional income or if the contribution is made in cash beyond the prescribed limit. Withdrawal of approval after payment does not nullify a valid claim. Claims rest on information furnished by the payee to the prescribed authority and are subject to verification; a payment allowed under this section cannot be claimed under any other provision.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
