UTILIZING TAX BENEFITS FOR CHARITABLE DONATIONS UNDER SECTION 80G

Section 80G of the Indian Income Tax Act provides valuable incentives to individuals who donate to eligible charitable causes. This provision allows for a significant tax reduction on donations made, making it a advantageous situation for both the donor and the recipient. To optimally utilize this provision, you should understand the various requir

analysis the market to ascertain the "exit price." up to now, nonprofits trusted the donor to specify a value to the donated asset. having said that, present day accounting specifications now demand which the Group determine a price for your asset based upon prices of identical or equivalent belongings. Value the asset using a donor-supplied price