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Showing posts with label Section 80GGA. Show all posts
Showing posts with label Section 80GGA. Show all posts

Monday, January 21, 2013

Tax benefits for NGO donations under Sec 35AC and Sec 80GGA





As i am working on my goal of setting up my first NGO this year, there came the realization that i would also need some funds to run this NGO :). Well, do not worry, i will not bore you with my NGO details on this post. The purpose of this post is to help me collect funds :) just kidding..it is actually for you to know the tax benefits you can avail when you donate money to any NGO. There are different IT Act sections that apply if you are salaried class or if you are running a business.

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