Year-end contributions are a great way to assist causes you care, and they can also yield valuable tax advantages. By contributing to qualified charities, you can decrease your taxable income and potentially save money on your taxes. When exploring charitable contributions, it's important to understand the different types of groups available and th

Charitable giving is a noble act that can drastically impact causes you care about. In India, Section 80G of the Income Tax Act provides a valuable incentive for donors by offering tax benefits on contributions made to eligible non-profit organizations. Understanding the nuances of Section 80G donations can enable you to amplify your charitable imp

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In the event your nonprofit does fundraising, you'll likely receive merchandise which can be used in a silent auction or offered inside a raffle. But How would you deal with these donations with your accounting? in this post, We'll inform you how and when to claim deductions on donations designed to Charitable Trusts and NGOs and how the tax regul