ADVANTAGES OF CHARITABLE DONATIONS UNDER SECTION 80G

Charitable donations in India are recognized as a worthy act and are encouraged by the government. Under Section 80G of the Income Tax Act, 1961, donors are entitled to certain deductions on their contributions made to eligible charity to donate glasses trusts. These incentives aim to motivate individuals and organizations to contribute towards the

Contributions need to in fact be compensated in cash or other property before the shut within your tax calendar year to be deductible, no matter whether you utilize the cash or accrual technique. Since you possess the securities over the date of receipt, typically Accepted Accounting ideas (GAAP) need you history the asset inside your books with t