You can claim charitable contributions as a deduction on your income tax returns.
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- Published date: December 24, 2021
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- New Delhi, North West Delhi, Delhi, India [ Ad Id - 147352 | Ad Views - 58 ]
Despite the fact that the donation receipt is in the employer's name, the employer must issue a certificate stating that the contribution was made from the employee's salary account. In addition, if you are starting your own business, you can use the services of a new company registration in Delhi. Contributions to certain charitable institutions listed in Section 80G of the Income Tax Act are eligible for a tax deduction under the Income Tax Act of 1961. Individual donations are not all eligible for Section 80G deductions. Individuals cannot claim tax deductions for donations made to foreign trusts and political parties because they fall outside the scope of this section.
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