Donation in the cash is prohibited since deduction
Deduction not as much as Section 80GGC
When the seniors otherwise very senior citizens lead money so you’re able to an effective political group otherwise a keen electoral trust, the latest contribution will be acceptance as a good deduction lower than Section 80GGC.
Deduction lower than Point 80RRB
In the event that a resident senior otherwise extremely senior citizen has actually a good inserted patent and produces royalty revenues towards the particularly patents, the new royalty obtained was enjoy since an excellent deduction off nonexempt earnings. As much royalty that will getting greet as the an effective deduction could be simply for INR step three lakhs. Furthermore, in order to claim the brand new deduction, the following criteria might be fulfilled because of the senior citizen or super senior citizen –