This Giving Tuesday, think about the impact you can make by contributing your favorite causes. Whether it's a local charity or a global organization, your kindness can truly make a difference. Take this opportunity to acknowledge the spirit of giving and help shape a better future.
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Charitable donations are a significant way to support causes you care about. But did you know that these contributions can also yield significant tax benefits? In India, Section 80G of the Income Tax Act provides substantial deductions for contributions made to eligible charities.
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The car's FMV around the date on the contribution. Should the car or truck's FMV was a lot more than your Expense or other basis, you could have to lessen the FMV to determine the deductible amount, as described beneath
In 2006, Congress gave S corporation shareholders an incentive charity donation