What is the mode of payment under Section 80G? Taxpayers in India can claim deductions under Section 80G for eligible donations. Here are the key modes through which donations can be made: Cheque: Donations made via cheque are eligible for Section 80G deductions. Demand Draft: Contributions made through demand drafts also qualify for Section 80G benefits. Cash (for donations below Rs 2,000): Cash donations are accepted for deductions if they are below Rs 2,000. Note: In-kind contributions such as food, material, clothes, medicines, etc., and donations exceeding Rs 2,000 should not be in cash to qualify for Section 80G deductions. Criteria for Deductions: Eligible Donations: Various donations specified in Section 80G are eligible for deductions. Deduction Percentage: The deductions can be up to 100% or 50% with or without restrictions, as specified in Section 80G. Section 80G Deduction: Eligible List of Funds/Charitable Institutions for Donations The prescribed funds and charitable...
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