Contribution in the cash is banned because the deduction
Deduction less than Part 80GGC
If seniors or very elderly people lead currency to help you a great political class or an enthusiastic electoral trust, this new share could well be greeting while the an excellent deduction below Section 80GGC.
Deduction below Part 80RRB
In the event the a resident senior citizen or super senior has a beneficial inserted patent and you will produces royalty profits for the like patents, the newest royalty acquired was desired because a great deduction off taxable money. The maximum amount of royalty that will end up being invited because a beneficial deduction could well be limited to INR step three lakhs. More over, so you’re able to allege the new deduction, the next requirements might be came across because of the senior otherwise super senior citizen –