The Smart Trick Of Trust Registration

by spkushwahaking

If a person donates his or her house, then he or she will be eligible to claim tax benefits under section 80g only if he or she has no other house within India and if his or her total assets do not exceed Rs 50 lakhs
The Income Tax Act has a provision called 80g which exempts certain income from property held for charitable or religious purposes.
The 80g exemption is available to any taxpayer who owns property that is used exclusively for charitable or religious purposes. The taxpayer can claim the exemption if they meet the following criteria:

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If a person donates his or her house, then he or she will be eligible to claim tax benefits under section 80g only if he or she has no other house within India and if his or her total assets do not exceed Rs 50 lakhs
The Income Tax Act has a provision called 80g which exempts certain income from property held for charitable or religious purposes.
The 80g exemption is available to any taxpayer who owns property that is used exclusively for charitable or religious purposes. The taxpayer can claim the exemption if they meet the following criteria: