Limit of donation under section 80g
Under section 80g of the Income Tax Act in India, people and institutions can reveal the tax deduction for donations made to specific charitable companies. The cut limit varies perfectly depending on the type of agency. For example, donations for some price limit and installations qualify for 100% cuts, as well as other additions can allow for 50% deduction. Additionally, the maximum deduct amount can be released for the percentage of the total profits of the donor. To ensure that they enjoy the tax relief introduced, confirmation of the corporation's eligibility to ensure it is important for donors.