Donations and tax deductions: There are 4 specific kinds of donations which. Support quality journalism and subscribe to Business Standard. Amount deductible under section 80CCC to 80U (excluding section 80G). Donations paid to specific organizations qualify for tax relief under section 80G. Donate u/s 80G Donations to HELPFUL FOUNDATION Fund would qualify for 80G benefits for 50 exemption under the Income Tax Act, 1961. All donations are tax-exempted under section 80G of the Income Tax Act, 1961.
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Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. If an NGO gets itself registered under section 80G then the person or the organisation making a donation to the NGO will get a deduction of 50 from his/its. Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. How to claim exemption under Section 80G of Income tax Act against donation given to the Prime Ministers Citizen Assistance and Relief in Emergency.