Section 80G of the Indian Income Tax Act provides valuable incentives to taxpayers who donate to eligible charitable organizations. This clause allows for a significant tax reduction on donations made, making it a advantageous situation for both the giver and the organization. To optimally utilize this provision, it's grasp the various criteria lai

The court docket acknowledged the arguments advanced on behalf from the believe in. It recognized that segment 80G does make it possible for for establishments that engage in limited spiritual pursuits, furnished these types of expenses do not exceed 5% of whole income. The harmony Sheet displays the financial posture of your Firm at a specific po

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A conman Catholic cleric lifted at the very least $650,000 for overseas healthcare clinics he claimed to function, but In fact utilised the donations to his bogus charities to gasoline an extravagant lifestyle that provided heavenly foods, outings for the Hamptons and plastic surgical procedures, federal authorities allege. in the following paragr