Results 1 to 3 of 3

Thread: Tax Deduction under section 35AC (80G)

  1. #1
    PolicyWala Newbie
    Join Date
    Mar 2009
    Location
    India
    Posts
    10

    Default Tax Deduction under section 35AC (80G)

    Can sombody tell me what is the maximum amount can be allowed it Income tax deduction under section 35AC (80G) for any employee/individual for a financial year. I could not find it in any ready reckoner. Please help me out.




  2. #2
    Moderator Taxman's Avatar
    Join Date
    Feb 2009
    Location
    Pune
    Posts
    55

    Default

    You had asked about the maximum allowable deduction, You can get deduction upto your total income. I mean if you want to give your all of total income as donation then department has no problem in giving credit to you with regard to that.

  3. #3
    Moderator Taxman's Avatar
    Join Date
    Feb 2009
    Location
    Pune
    Posts
    55

    Default

    Deduction donation is restricted to 10% of total income.


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •