Section 80G of the Indian Income Tax Act provides valuable incentives to individuals who donate to eligible charitable causes. This section allows for a substantial tax relief on donations made, making it a mutually beneficial situation for both the contributer and the organization. To effectively utilize this provision, one must grasp the various … Read More

investigation the market to determine the "exit cost." previously, nonprofits trusted the donor to specify a value with the donated asset. nevertheless, modern day accounting requirements now have to have the Firm figure out a value for the asset depending on costs of equivalent or very similar property. although the Taxmann has exercised affordab… Read More