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of <h1>Tax Deductions for Donations: Full or 50% Deduction for Specified Entities; Non-Cash Payment for Over 2000</h1> The statutory provision outlines deductions for donations made to specified funds and charitable institutions when computing an assessee's total income. Full deductions are allowed for donations to certain national and state funds, educational institutions, and welfare organizations. A 50% deduction is permitted for donations to other specified entities, provided they meet certain criteria. Donations exceeding 10% of adjusted gross total income are not considered for deductions. The provision mandates non-cash payment methods for donations over two thousand rupees and requires verification for claims. It defines terms like 'adjusted gross total income' and 'charitable purpose' and specifies the nature of eligible institutions.
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