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Finally, the deduction beneath section 80G simply cannot exceed your taxable income. one example is, In case your income right before deduction is Rs 3 lakh and When you've got offered donation of Rs 5 lakh into the primary Minister’s nationwide Relief Fund, make sure you usually do not expect to assert a lack of Rs 2 lakhs. The Balance Sheet di

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Written Disclosure: A donor may possibly only have a contribution deduction into the extent that his/her contribution exceeds the honest current market price of the products or providers the donor gets in return for your contribution; as a result, donors have to have to grasp the worth of the products or services. But our work is much from more th

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