80g of income tax act

08/08/2024 Others

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Section 80g of the Income Tax Act permits citizens to guarantee deductions on donations made to determined charitable institutions and organizations. This deduction can ultimately depend on 50% or 100% of the donated amount contingent upon the beneficiary's qualification. To qualify associations should be registered and approved by the Income Tax Department. This arrangement boosts beneficent giving as well as advances social government assistance drives the nation over.

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