Deduction for charitable donations allowed for specified funds and institutions subject to eligibility, approval and mode-of-payment conditions. Section 80G allows deduction for donations to specified funds, institutions and government or local authorities for charitable purposes, with preferential ... Summary
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Deduction for charitable donations allowed for specified funds and institutions subject to eligibility, approval and mode-of-payment conditions.
Section 80G allows deduction for donations to specified funds, institutions and government or local authorities for charitable purposes, with preferential treatment for certain listed donations and a proportional deduction for others. Deductibility is subject to an aggregate cap relative to gross total income, mode-of-payment restrictions, and detailed eligibility conditions for recipient institutions including approval by the income-tax authority, maintenance of accounts, prescribed statements and donor certificates, separation of business income, and procedural timelines for grant or renewal of approval.
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