section 80g

Any person can claim income tax deduction under section 80G of the Income tax act, 1961, for the amount donated to approved funds or charitable institutions. To understand section 80G of the Income tax act, 1961, we have divided types of donation in to two parts. For “Type I” donations we need not do any calculation. If we have donated to a fund that is coming under “Type I” … [Read more...] about Section 80G – Tax deductions for Donations to specific fund