Any donation made for scientific research or rural development is eligible for deduction under section 80GGA of the Income Tax Act.
The following institutions can get you 100% deduction on the amount donated to them by you:
A person having any income taxable under the head “Profits and gains from business or profession” can claim similar deduction under section 35 of the Act.
What is the minimum donation limit to get tax deduction?
Any sum paid for the specified purpose can be claimed as tax deduction u/s 80GGA.
What is a tax exemption certificate?
To claim deduction u/s 80GGA, you must take a tax exemption certificate from the entity to which you made the donation.
I am an NRI. Will I get tax exemption on my donation?
Yes, NRIs are eligible for getting tax deduction for any donation qualifying u/s 80GGA.
Can I claim donations made to political parties under this section?
Donations made to political parties can be claimed but not under this section. Section 80GGC offers tax deduction for donations made to political parties. To know more, click here.
Can I claim deduction for donation made to charitable institutions?
Yes but not under this section. Section 80G allows deduction for donation made for scientific research. To know more, click here.