Income Tax Section 80G ; DONATIONS, With Automated Prepare at a time 50 employees Income Tax Form 16 Part B with form 12 BA for F.Y. 2019-20

Income Tax Section 80G –  DONATIONS

The deduction under section 80G for F.Y 2019-20 is available in respect of donations made by you towards certain specified funds, charitable institutions etc.

For claiming donation under this section following conditions must be fulfilled:

  • The donation should be made in any mode of payment other than cash if it exceeds Rs. 10,000. (For F.Y.2016-17, from F.Y. 2017-18 the limit for cash2,000. (From F.Y. 17-18) Donations in kind are not eligible for deduction under this section.

The donation should be made only to specified funds or institutions.

Specified Funds or Institutions can be divided into 4 components for the purpose of this section. Here is a complete lists of charitable trust/institutions for which you can take the tax benefit under section 80G of the Income Tax:

Donations eligible for 100% deduction without qualifying limit:

  1. Prime Minister’s National Relief Fund
  2. National Defense Fund set up the Central Government
  3. Prime Minister’s Armenia Earthquake Relief Fund
  4. Africa (Public Contributions India) Fund
  5. National Foundation for Communal Harmony
  6. University/Educational Institution of National Eminence approved by Prescribed Authority
  7. Maharashtra Chief Minister’s Earthquake Relief Fund
  8. Fund set up by the State Government of Gujarat, for providing relief to Gujarat earthquake victims
  9. Zila Saksharta Samiti
  10. The National Blood Transfusion Council or a State Blood Transfusion Council.
  11. Any fund to provide medical relief to the poor, set up by the State Government.
  12. The Army Central Welfare Fund or the Indian Naval Benevolent Fund or The Air Force Central Welfare Fund.
  13. The Andhra Pradesh Chief Minister’s Cyclone Relief Fund, 1996
  14. National Illness Assistance Fund
  15. Chief Minister’s Relief Fund or Lieutenant Governor’s Relief Fund for any State or UT.
  16. National Sports Fund set up the Central Government
  17. National Cultural Fund set up the Central Government
  18. Central Government’s Fund for Technology Development & Application
  19. National Trust for Welfare of Persons with Autism, Cerebral Palsy, Mental Retardation & Multiple Disabilities
  20. National Children’s Fund (From AY 2014-15)
  21. Swachh Bharat Kosh and Clean Ganga Fund set up by Central government ( Any amount paid in pursuance of Corporate Social Responsibilities as per The Companies Act will not be eligible for deduction) (From AY 2015-16)
  22. National fund for control of drug abuse. (From AY 2016-17)

Donations eligible for 50% deduction of donation amount without qualifying limit:

  1. Jawaharlal Nehru Memorial Fund
  2. Prime Minister’s Drought Relief Fund
  3. Indira Gandhi Memorial Trust
  4. Rajiv Gandhi Foundation

Donations eligible for 100% deduction of donation amount with qualifying limit:

  1. To Government or any approved local authority/institution/association for the purposes of family planning.
  2. Donations by a company to Indian Olympic Association or other notified association or institution for the development of infrastructure or sponsorship for sports & games.

Donations eligible for 50% deductions of donation amount with qualifying limit:

  1. To Government or any approved local authority/institution/association for purposes other than family planning.
  2. Any other fund or institution which fulfills the conditions of section 80G(5)
  3. To any Indian authority for the purpose of satisfying the need for housing accommodation or for planning development of cities, towns villages.
  4. To any corporation (specified under section 10(26BB)) for promoting interest of members of a minority community
  5. Donations to any notified temple, mosque, gurdwara, church or any other place notified by the Central Government for the purpose of repair and renovation.

Download And Prepare At a Time 50 Employees Automated Income Tax Form 16 Part B with Form 12 BA (Modified Format) [This Excel Utility Prepare At a time 50 Employees Form 16 Part B with Form 12 BA in New Format for A.Y. 2020-21 ]

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