UTILIZING TAX BENEFITS FOR CHARITABLE DONATIONS UNDER SECTION 80G

Section 80G of the Indian Income Tax Act provides valuable advantages to individuals who donate to eligible charitable causes. This section allows for a considerable tax relief on donations made, making it a win-win situation for both the contributer and the recipient. To successfully utilize this benefit, it's grasp the various criteria laid down

you could develop an expenditure account for instance Goodwill Donations, then document the donation for a payment in the register. Hope that can help! It’s crucial to carry out an inner coverage for donated products in addition to produce a donor receipt approach for noncash contributions. When accounting for donations to nonprofit corporations