Feb 1 2009
Income Tax Exemption on Donations (NGO) under Section 80g
Introduction
In this blog I will be writing about the Section 80g which presents the laws for tax exemtions on donations and fund spent on the NGOs. You will get the tax exemptions benefits when there is a donation for NGO’s. This law would encourge people to donate more fund for NGO’s and most of the [...]
Jan 19 2009
Income Tax Exemption and Rules on Gifts as Income of Source
Introduction
In this blog I will be writing about the Income Tax rules related to the Gifts received by a person. There is many rules on receiving the Gifts based on the gifts nature and from whom the person has received the gift. The Income Tax Act 1961 has made change to the rules in 1st [...]
