2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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100%
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10%
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50%
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75%
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Detailed explanation-1: -Donation to PMCARES Fund is eligible for 100% tax exemption u/s 80G.
Detailed explanation-2: -All the donations made to the PM CARES Fund will be eligible for 100% tax exemption under Section 80G of the Income Tax Act, 1961. It should be noted that no upper limit will be applicable for tax deduction u/s 80G with respect to the donations made towards this Fund.
Detailed explanation-3: -Yes, the fund is exempted from paying Income Tax as per Section 10(23)(c) of Income Tax Act, 1961.
Detailed explanation-4: -Open Print receipt menu on PMCARES website (https://www.pmcares.gov.in/) Click on NEFT/RTGS/IMPS (Draft, Cheque, Cash) Logo on Print Receipt page: Fill all the required details in the form: Enter UTR/ DD/ Cheque/ Bank Reference Number*.
Detailed explanation-5: -Tax deduction – PM Cares fund 80G details You will be delighted to know that the amount that you donate towards the PM Cares fund can be claimed for tax deduction. This tax deduction will fall under the section 80G, of the Income Tax of 1961. The Government has paved the way for a 100% tax deduction under this scheme.