80g deduction
Consumer Services, India
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Summary
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The 80g deduction is a provision in the Indian income tax act that allows individuals and businesses to claim tax deductions for donations made to approved charitable organizations. By availing this deduction, taxpayers can reduce their taxable income by the amount donated, incentivizing contributions to worthy causes and promoting philanthropy in the country.
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section 80g, 12a registration, 80g registration, 80g deduction