Tuesday, September 7, 2010

Mandatory PAN

         To avail benefit of  50% deduction under section 80G where donee is required to be approved under section 80G(5) (vi), Permanent Account Number (PAN) is mandatory in e-filing. Without PAN of donee e-filing can not be completed.  

        While reading above information, it is a common question that what is 80G (vi).  To know regarding 80G (5) (vi), the detail of section 80G as per Income Tax Act  is given as under :- 

80G (5) (vi) can be read as below

(5) This section applies to donations to any institution or fund referred to in sub-clause (iv) of clause (a) of  Sub-section (2), only if it is established in India for a charitable purpose and if it fulfils the following conditions, namely :—

     (vi) in relation to donations made after the 31st day of March, 1992, the institution or fund is for the time being approved by the Commis-sioner in accordance with the rules15 made in this behalf 

         Picture view of e-filing sheet showing PAN mandatory is marked  as under: -  

To read complete information of deduction under section 80G (Click Here)

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