income tax section 80g

Section 80g of the Income Tax Act provides detailed donations to taxpayers in India and deduction for donations made to companies. This provision encourages individuals and institutions to deduct one percent of their contribution from their taxable income. The boundary of deductions vary primarily depending on the recipient enterprise - Surrey institutions allow 100% deduction while other additions can allow the most effective 50%. To claim this deduction, donors must ensure that the recipient is registered below Section 80g and maintains the correct receipts for donations.