EXPLOITING TAX BENEFITS FOR CHARITABLE DONATIONS UNDER SECTION 80G

Section 80G of the Indian Income Tax Act provides valuable benefits to individuals who donate to eligible charitable causes. This clause allows for a considerable tax relief on donations made, making it a win-win situation for both the donor and the organization. To effectively utilize this provision, you should grasp the various requirements laid

Research the marketplace to find out the "exit selling price." previously, nonprofits trusted the donor to specify a price to the donated asset. on the other hand, contemporary accounting criteria now need that the Firm decide a worth for that asset based on charges of identical or identical property. soon after producing a donation into a charita