What is Section 80G?
Section 80G of the Indian Income Tax Act gives tax deduction in respect of donation made to approved Charitable Instituitions and funds. Deduction available Under Section 80G is over and above deduction available U/s 80C. Deduction U/s 80G is available only under Old regime, if you are filing ITR under new regime you will not be allowed to claim deduction U/s 80G.
Who can Claim deduction U/s 80G?
Following Category of Taxpayers can claim deduction U/s 80G
Individuals
Companies
Firms
Hindu Undivided Firm (HUF)
Non-Resident Indian (NRI)
Any other person
What is the mode of payment under Section 80G?
Donations can be made through any mode including Cash, Cheque, Online Transfer, Neft etc. However Donations above Rs. 2000/- must be made through any mode other than cash to claim deduction U/s 80G.
How to Claim Deduction U/s 80G?
For Claiming Deduction U/s 80G taxpayer need to submit following information while filing his/her ITR:
- Amount Donated
- Name Oof the Trust/Fund to which Donation has been made
- PAN of Trust/Fund to which donation has been made
- Address of Trust/Fund to which donation has been made
- Amount eleigible for deduction
What is amount od dedution available?
Amount of deduction available U/s 80G varies depending upon in which fund or instituition donations have been made. Some Donations qualify for 100% deduction and some qualify for 50% deduction. Detailed list is as given below:
List of donations eligible for 100% deduction without qualifying limit
- National Defence Fund set up by the Central Government
- Prime Minister’s National Relief Fund
- National Foundation for Communal Harmony
- An approved university/educational institution of National eminence
- Zila Saksharta Samiti constituted in any district under the chairmanship of the Collector of that district
- Fund set up by a state government for medical relief to the poor
- National Illness Assistance Fund
- National Blood Transfusion Council or any State Blood Transfusion Council
- National Trust for Welfare of Persons with Autism, Cerebral Palsy, Mental Retardation, and Multiple Disabilities
- National Sports Fund
- National Cultural Fund
- Fund for Technology Development and Application
- National Children’s Fund
- Chief Minister’s Relief Fund or Lieutenant Governor’s Relief Fund with respect to any State or Union Territory
- The Army Central Welfare Fund or the Indian Naval Benevolent Fund or the Air Force Central Welfare Fund, Andhra Pradesh Chief Minister’s Cyclone Relief Fund, 1996
- The Maharashtra Chief Minister’s Relief Fund during October 1, 1993, and October 6, 1993
- Chief Minister’s Earthquake Relief Fund, Maharashtra
- Any fund set up by the State Government of Gujarat exclusively for providing relief to the victims of the earthquake in Gujarat
- Any trust, institution or fund to which Section 80G(5C) applies for providing relief to the victims of the earthquake in Gujarat (contribution made between January 26, 2001, and September 30, 2001)
- Prime Minister’s Armenia Earthquake Relief Fund
- Africa (Public Contributions – India) Fund
- Swachh Bharat Kosh (applicable from FY 2014-15)
- Clean Ganga Fund (applicable from FY 2014-15)
- National Fund for Control of Drug Abuse (applicable from FY 2015-16)
List of donations eligible for 50% deduction without qualifying limit
Prime Minister’s Drought Relief Fund
List of donations eligible for 100% deduction subject to 10% of adjusted gross total income
- Donations to the government or any approved local authority, institution or association to be utilised to promote family planning
- Donation by a company to the Indian Olympic Association or any other notified association or institution established in India to develop infrastructure for sports and games in India or sponsor sports and games in India.
List of Donations eligible for 50% deduction subject to 10% of adjusted gross total income
- Any other fund or institution satisfies the conditions mentioned in Section 80G(5).
- Government or any local authority, to be utilised for any charitable purpose other than promoting family planning.
- Any authority constituted in India to deal with and satisfy the need for housing accommodation or the purpose of planning, development or improvement of cities, towns, villages or both.
- Any corporation referred to in Section 10(26BB) for promoting the interest of the minority community.
- For repairs or renovation of any notified temple, mosque, gurudwara, church, or other places.
