Deduction on Donations
In accordance with Section 80G of the I-T Act, individuals are eligible for deduction for contributions made to approved organizations, which can range from 50 per cent to the full amount of the donation. However, verification that the organisation receiving the donation is qualified for the deduction under section 80G must be done. When completing their tax filings, individuals are required to furnish details such as the recipient's name, PAN, a receipt or 80G certificate from the organization, along with the donation amount.