No 80G Deduction for cash donation exceeding Rs 2000 to provide cash less economy and transparency. Budget 2017-18 provisions from AY 2018-19
Restricting cash donations
Under the existing provisions of section 80G, deduction is not allowed in respect of donation made of any sum exceeding Rs.10,000, if the same is not paid by any mode other than cash.
In order to provide cash less economy and transparency, it is proposed to amend section 80G so as to provide that no deduction shall be allowed under the section 80G in respect of donation of any sum exceeding two thousand rupees unless such sum is paid by any mode other than cash.
This amendment will take effect from 1st April, 2018 and will, accordingly, apply in relation to the assessment year 2018-19 and subsequent years.
An Appeal should not be thrown away on the ground of limitation as delay can always be compensated in terms…
NFRA invites applications from CAs/CMA and other professionals for position of Young Professional on contract basis The National Financial Reporting…
Govt has notified the Manipur Goods and Services Tax (Second Amendment) Act, 2025 The Bill was introduced in Lok Sabha…
No addition can be made only on basis of Whatsapp Chats between director and employee of the company as apart…
Wrong penalty section mentioned in Assessment order can be rectified being mistake apparent on record when there is no debate…
Even if a receipt is classified as Business Income u/s 28, it does not automatically qualify for the special deduction…