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 institutions. These incentives aim to stimulate individuals and organizations to contribute towards the social well-being

Donations in-sort are recorded about the books at fair price. FASB defines reasonable benefit as “the worth that might be received to offer an asset or compensated to transfer a legal responsibility within an orderly transaction among sector participants on the measurement date.” GENTLE READER: you have got previously mastered a worthwhile and