Securing tax benefits while contributing to worthy causes is a win-win situation. Under India's Income Tax Act, donations made to registered charitable organizations under Section 80G can potentially lower your tax liability. These generous contributions offer significant financial incentives for individuals who wish to support social welfare. Bene
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How about things that are donated to nonprofits only for being resold? What products are included in this class? Not all in-form contributions should be recognized. Here’s a quick guidebook to identifying the in-form donations for nonprofits that need to be documented: “There are a variety of options accessible to the CRA apart from revocat