Mr. Ganesh gave donation by way of cheque of ₹ 40,000 and by cash ₹ 5,000 to an approved charitable trust having recognition under section 80G. His gross total income for the assessment year 2020-2021 is ₹ 5 lakhs. The quantum of deduction under section 80G would be:
A. ₹ 45,000
B. ₹ 5,000
C. ₹ 40,000
D. ₹ 20,000
Answer:D
Mr. Ganesh gave donation by way of cheque of ₹ 40,000 and by cash ₹ 5,000 to an approved charitable trust having recognition under section 80G. His gross total income for the assessment year 2020-2021 is ₹ 5 lakhs. The quantum of deduction under section 80G would be:
A. ₹ 45,000 B. ₹ 5,000 C. ₹ 40,000 D. ₹ 20,000