Section 80G ITA 1961 deductions are available for DONATIONS to specified institutions. Donations to PM National Relief Fund are deductible:
Answer & Solution
Correct answer: A.
1. Section 80G Income Tax Act 1961 allows deductions for donations to specified institutions:
2. CATEGORY 1 — 100% deduction WITHOUT QUALIFYING LIMIT:
3. (a) Prime Minister's National Relief Fund;
4. (b) National Defence Fund;
5. (c) Prime Minister's Armenia Earthquake Relief Fund;
6. (d) PM CARES Fund (added 2020);
7. (e) National Children's Fund;
8. (f) National Foundation for Communal Harmony.
9. CATEGORY 2 — 50% deduction WITHOUT qualifying limit (e.g. Jawaharlal Nehru Memorial Fund, Indira Gandhi Memorial Trust).
10. CATEGORY 3 — 100% deduction WITH QUALIFYING LIMIT (10% of gross total income).
11. CATEGORY 4 — 50% deduction WITH QUALIFYING LIMIT (most general charitable donations).
12. From AY 2025-26: donations < Rs 2,000 in cash not eligible.
13. Hence option B is correct.
_Source: CS Executive Paper 4 Tax Laws (ICSI BoS) + Income Tax Act 1961 + CGST Act 2017 — Income Tax Act 1961, Section 80G_
Related questions
Section 80GG ITA 1961 provides DEDUCTION for HOUSE RENT PAID by salary earners NOT receiviDOUBLE TAXATION AVOIDANCE AGREEMENT (DTAA) under Section 90 ITA 1961:Section 9 ITA 1961 prescribes when INCOME is DEEMED to ACCRUE OR ARISE in India for non-reSection 79 ITA 1961 restricts CARRY FORWARD of LOSSES of a COMPANY in case of CHANGE in BESections 73-75 CGST Act 2017 prescribe procedures for tax DEMANDS where TAX has been NOT PSection 5 IGST Act 2017 levies IGST on:Under Section 269ST ITA 1961, CASH RECEIPTS of Rs 2 LAKH or MORE from a single person in rThe DIRECT TAX VIVAD SE VISHWAS ACT 2020 was enacted to: