TaxTMI 
TaxTMI 
One hundred per cent deduction for National Fund for Control of Drug Abuse
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....ne hundred per cent deduction for National Fund for Control of Drug Abuse<br> Query (Issue) Started By: - Admin TMI Dated:- 28-2-2015 Last Reply Date:- 28-2-2015 Income Tax<br>Got 1 Reply<br>Income T....
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....ax<br>Question - What are the proposed amendment in section 80G in Finance Bill 2015 ? Reply By Admin TMI: The Reply: One hundred per cent deduction for National Fund for Control of Drug Abuse Unde....
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....r the existing provisions of section 80G, an assessee is allowed a deduction from his total income in respect of donations made by him to certain funds and charitable institutions. The deduction is al....
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....lowed at the rate of hundred percent of the amount of donations made to certain funds and institutions formed for a social purpose of national importance, like the Prime Ministers' National Relief Fun....
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....d, National Foundation for Communal Harmony etc. The National Fund for Control of Drug Abuse is a fund created by the Government of India in the year 1989, under the Narcotic Drugs and Psychotropic S....
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....ubstances Act, 1985. Since National Fund for Control of Drug Abuse is also a Fund of national importance, it is proposed amend section 80G so as to provide hundred percent. deduction in respect of don....
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....ations made to the said National Fund for Control of Drug Abuse. This amendment will take effect from 1st April, 2016 and will, accordingly, apply in relation to the assessment year 2016-17 and subse....
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....quent assessment years.<br> Discussion Forum - Knowledge Sharing ....