NOT KNOWN DETAILS ABOUT DONATION TO CHARITY TAX EXEMPTION

Quantum of Deduction: The companies can claim one hundred% of donations paid to political functions or electoral trust is authorized as deduction u/s 80GGC Any establishment or Fund established in India for charitable applications satisfying prescribed conditions u/s 80G(five) Company ABC is a fabric company that generates several different types

frequently, contributions of prolonged-expression funds gain (LTCG) home will lead to a deduction equivalent towards the good market value of the assets, topic into a thirty% of AGI limitation. This rule hasn't been influenced via the Tax Cuts and Jobs Act (TCJA). LTCG assets is outlined as assets that may create an extended-time period money acqui