Under Section 80G, the amount donated is allowed to be claimed as a deduction at the time of filing the assessee’s income tax return. The Government, by providing income tax relief, intends to motivate people to make more donations to worthy causes. Only donations made to the prescribed funds can qualify as a deduction. The Government of India introduced Section 80G deduction to encourage people to donate. Not all charitable donations are eligible for deduction under Section 80G. The deduction under the Act is available for contributions made to the specified relief funds and charitable institutions. Section 80G is a facility available in the Income Tax Act which allows taxpayers to claim deductions for various contributions made as donations. Learn » Income Tax » Section 80G Deduction – Income Tax Act Section 80G Deduction – Income Tax Act
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