POSTED BY October 1, 2012 12:37 pm ONE COMMENTON
I have made a donation under 80G(100% deduction) for 32500. However i have recently recieved Intimation from incometax dept and they have stated that under section 143(1) it is computed as 26864. Accordingly my tax refund is also reduced.
Could you please let me know what could be the reason. Is there any cap on how much we can donate depending on salary?