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TMI BlogOne hundred per cent deduction for National Fund for Control of Drug AbuseX X X X Extracts X X X X X X X X Extracts X X X X ..... Question - What are the proposed amendment in section 80G in Finance Bill 2015 ? - Reply By Admin TMI - The Reply = One hundred per cent deduction for National Fund for Control of Drug Abuse Under the existing provisions of section 80G, an assessee is allowed a deduction from his total income in respect of donations made by him to certain funds and charitable institutions. The deduction ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... is allowed at the rate of hundred percent of the amount of donations made to certain funds and institutions formed for a social purpose of national importance, like the Prime Ministers National Relief Fund, National Foundation for Communal Harmony etc. The National Fund for Control of Drug Abuse is a fund created by the Government of India in the year 1989, under the Narcotic Drugs and Psychotr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... opic Substances Act, 1985. Since National Fund for Control of Drug Abuse is also a Fund of national importance, it is proposed amend section 80G so as to provide hundred percent. deduction in respect of donations made to the said National Fund for Control of Drug Abuse. This amendment will take effect from 1st April, 2016 and will, accordingly, apply in relation to the assessment year 2016-17 and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... subsequent assessment years. - One hundred per cent deduction for National Fund for Control of Drug Abuse - Query Started By: - Admin TMI Dated:- 28-2-2015 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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