Mr. Ganesh gave donation by way of cheque of ₹ 40,000 and by cash ₹ 5,000 to an approved charitable trust having recognition under section 80G. His gross total income for the assessment year 2017-18 is ₹ 5 lakhs. The qua

CS Executive · Tax Laws and Practice · PYQS · December 2017
Mr. Ganesh gave donation by way of cheque of ₹ 40,000 and by cash ₹ 5,000 to an approved charitable trust having recognition under section 80G. His gross total income for the assessment year 2017-18 is ₹ 5 lakhs. The quantum of deduction under section 80G would be :
(A) ₹ 45,000
(B) ₹ 5,000
(C) ₹ 40,000
(D) ₹ 20,000

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Income Tax

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