Donations play a pivotal role in supporting various charitable causes and contributing to the societal advancement. Section 80G of the Indian Income Tax Act provides tax exemptions for donations made to eligible organizations. Comprehending the nuances of Section 80G is essential for both donors and recipients, ensuring accountability in charitable
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Stock valuation: The reasonable sector worth of the donated securities will determine the charitable deduction. Verify the stock valuation is correctly established to get the largest achievable deduction. get yourself a receipt or some sort of prepared acknowledgement through the charity and keep a cancelled Verify or charge card receipt. undernea