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you'll find four groups of deductions under Section 80G. consequently, it truly is vital to examine the group with the fund or charitable institution to ascertain the permissible deduction percentage (possibly 100% or 50%), and no matter if there is a most or qualifying limit to the deduction total (in addition to the permissible deduction proporti
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Contributions to the 2nd group of experienced corporations or for the usage of any competent Corporation If the expense of donated inventory Tutorial just isn't included in your opening stock, the inventory's basis is zero and you can't assert a charitable contribution deduction. The Corporation will have to also have the methods to monitor and i