GK
TAXES IN INDIA
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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any assessee
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non corporate business assessee
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an assessee whose income does not include PGBP income
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None of these
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Detailed explanation-1: -Section 80GGA: Deduction for Donation for Research/ Development. Deduction under Section 80GGA is an Income Tax Deduction for Donations made for Scientific Research or Rural Development. The whole amount given as donation to the institutions specified under Section 80GGA is allowed as a deduction under Section 80GGA.
Detailed explanation-2: -Provisions under Section 80GGA Individuals whose Gross Total Income does not include income which can be charged under profits and gains of a business are eligible for deductions. In essence, taxpayers who do not have an income source from business or profession are entitled for such deductions.
Detailed explanation-3: -To be able to claim deductions under Section 80G, donations of more than Rs.2, 000 have to made to be made in any mode other than cash. The donations will either be eligible for a deduction of 50% or 100% (with or without restriction), as per the rules prescribed under Section 80G.