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As per section 80G maximum deduction allowed for any cash donation is upto

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UGC Paper 2: Commerce_17th Oct 2020 Shift 1
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  1. Rs. 1,000
  2. Rs. 2,000
  3. Rs. 5,000
  4. Rs. 10,000

Answer (Detailed Solution Below)

Option 2 : Rs. 2,000
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UGC NET Paper 1: Held on 21st August 2024 Shift 1
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As per section 80G maximum deduction allowed for any cash donation is up to Rs. 2000.

Finance Act, 2017 amended section 80G so as to provide that no deduction shall be allowed under section 80G in respect of donation of any sum exceeding Rs. 2,000/- unless such sum is paid by any mode other than cash. Earlier this limit was Rs. 10,000/-.

Section 80G of the Income Tax Act allows donations made to specified relief funds and charitable institutions as a deduction from gross total income before arriving at taxable income.

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Exams Tests Super Practice

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