Section 80G of the Indian Income Tax Act provides valuable incentives to citizens who contribute to eligible charitable institutes. This clause allows for a substantial tax reduction on donations made, making it a advantageous situation for both the giver and the organization. To optimally utilize this donation to charity journal entry benefit, you

identify the price of your asset based mostly on the market price of identical or identical assets. Use the donor’s estimation If you're able to’t obtain these. this informative article has long been viewed 220,817 moments. When donations are specified to a corporation, generally a nonprofit entity, Those people donations Have a very "value" a