ADVANTAGES OF CHARITABLE DONATIONS UNDER SECTION 80G

Charitable donations in India are recognized as a noble act and are encouraged by the government. Under Section 80G of the Income Tax Act, 1961, donors are entitled to certain reliefs on their contributions made to eligible institutions. These benefits aim to motivate individuals and organizations to contribute towards the social well-being of the

Donations in-type are recorded around the books at fair price. FASB defines good value as “the cost that would be received to market an asset or paid to transfer a legal responsibility in an orderly transaction in between market members in the measurement date.” Habitat ReStores are home enhancement shops that take small and enormous donations