EXPLOITING TAX BENEFITS FOR CHARITABLE DONATIONS UNDER SECTION 80G

Section 80G of the Indian Income Tax Act provides valuable benefits to taxpayers who contribute to eligible charitable causes. This clause allows for a significant tax relief on donations made, making it a win-win situation for both the contributer and the beneficiary. To optimally utilize this scheme, one must comprehend the various requirements l

investigate the marketplace to determine the "exit rate." previously, nonprofits depended on the donor to specify a price with the donated asset. However, modern-day accounting requirements now demand the organization decide a worth for the asset determined by charges of similar or identical property. OFAC may possibly impose civil penalties for s