INCENTIVES OF CHARITABLE DONATIONS UNDER SECTION 80G

Charitable donations in India are recognized as a worthy act and are encouraged by the government. Under Section 80G of the Income Tax Act, 1961, donors are entitled to certain deductions on their contributions made to eligible institutions. These incentives aim to encourage individuals and organizations to contribute towards the social well-being

Donations in-sort are recorded on the books at truthful price. FASB defines truthful price as “the value that may be received to promote an asset or paid to transfer a legal responsibility in an orderly transaction amongst marketplace members within the measurement date.” it could be tricky to attain all of the data you would like for your per