Section 80G of the Indian Income Tax Act provides valuable advantages to taxpayers who contribute to eligible charitable organizations. This clause allows for a considerable tax deduction on donations made, making it a win-win situation for both the contributer and the organization. To effectively utilize this provision, one must comprehend the var
In order to replicate the goods given as charity the small business information the following bookkeeping journal entry to transfer the expense of the products from the buys account to the charitable expenditure account. The proportion of donation eligible for deduction along with the donation limit depend on the fund or organization or have faith
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