Provision related to eligible donation u/s 80G

[CABIJENDERKUMAR BANSAL]

Deduction of 80 :-Allowable to all kind of Assessee:- Any person or ‘assessee’ who makes an eligible donation is entitled to get tax deductions subject to conditions. This section does not restrict the deduction to individuals, companies or any specific category of taxpayer. Please give feedback on Company is not binding to consider 80 G as dedcution to employee. Ca. B.K.BANSAL

AI Summary

Companies Not Required to Consider Employee Donations for Form 16 Deductions Under Section 80G of Income Tax Act. A query was raised regarding the eligibility of tax deductions under Section 80G of the Income Tax Act, which allows any taxpayer making an eligible donation to claim deductions, without restrictions on the type of taxpayer. The question specifically asked whether a company is obligated to consider donations made directly by employees for deductions on Form 16. The response clarified that a company is not required to account for such employee donations when processing tax deductions.