Embarking on a philanthropic journey offers immense personal satisfaction. While the desire to contribute is commendable, understanding the nuances of tax benefits tied with charitable donations can significantly enhance your impact. Section 80G of the Income Tax Act provides a framework for eligible donations benefiting registered charitable organ
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You need to use the receipt through the charity to substantiate your claim. never try and make use of the reasonable industry value unless considered one of the subsequent problems apply: (1) rather than selling the automobile, the charity keeps and utilizes it, (2) the charity helps make enhancements to the vehicle just before selling it, (3) your