Give back to your society and potentially maximize your deductible amount this year by making a donation to a qualified charity. Gifts are often tax-deductible, meaning you can reduce your overall tax owed. To obtain this advantage, it's important to maintain detailed receipts of all gifts contributed. Consult with a certified accountant to calcu
However deduction for contribution ( in addition to cash contribution) to political functions is usually claimed u/s 80GGB/80GGC you'll be able to produce an expenditure account like Goodwill Donations, then document the donation for a payment within your register. Hope that assists! As Carrie Horton place it, “Donor receipts are the only real
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