Why Need Section80g
Location 80g of the Earnings Tax Act empowers an Earnings Tax Payee to declare conclusively for presents made by them to specific association. This conclusion is accountable for specific conditions.
a). A couple of Organizations of National relevance, like, National Defense Fund, Executive's National Relief Fund, Executive's Drought Relief Fund and so on, are clearly stated in the Area 80g.
The Chief Commissioner of Earnings Tax can verify organizations under this segment. Prior Religious Institutions were explicitly not allowed to be employed U/s 80g.
All companies qualify for enlistment given that they satisfy the accompanying conditions:-.
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