Restricting cash donations -
Under the existing provisions of section 80G,
deduction is not allowed in respect of donation made of any sum exceeding
Rs.10,000, if the same is not paid by any mode other than cash.
In order to
provide cash less economy and transparency , it is proposed to amend section
80G so as to provide that no deduction shall be allowed under the section 80G
in respect of donation of any sum exceeding two thousand rupees unless such sum
is paid by any mode other than cash.
This amendment will take effect from 1st
April, 2018 and will, accordingly , apply in relation to the assessment year
2018-19 and subsequent years.
[Clause 35]
No comments:
Post a Comment