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These are the steps you should take to claim charity donation tax deductions: Calculate your total amount of contributions. Determine if it’s better to take the standard deduction or to itemize.
The Hindu Religious and Charitable Endowments Department of the Government of Tamil Nadu manages and controls the temple administration within the state. The Tamil Nadu Hindu Religious and Charitable Endowments Act XXII of 1959 controls 36,425 temples, 56 mathas or religious orders (and 47 temples belonging to mathas), 1,721 specific endowments and 189 trusts.
The particular tax consequences of a donor's charitable contribution depends on the type of contribution that he makes. A taxpayer may contribute services, cash, or property to a charity. There are a number of traps, especially that donations of short-term capital gains are generally not tax deductible.
Donations given by devotees equal nearly ₹13 crore every month. Auctions of human hair fetched a revenue of ₹ 150 crores in 2011 and ₹ 203 crores in 2012. [13] Temple admission ticket sales fetched a revenue of $25 million in 2007. Laddu, a confectionery, is offered as Lord's prasadam.
In later centuries, the half-shekel was adopted as the amount of the Temple tax, although in Nehemiah 10:32–34 the tax is given as a third of a shekel. [2] This is what each one who is registered shall give: half a shekel according to the shekel of the sanctuary (the shekel is twenty gerahs), half a shekel as an offering to the Lord.
The tax is imposed based on the Entry 52 of the State List from the Schedule VII of the Constitution of India which reads; "Taxes on the entry of goods into a local area for consumption, use or sale therein." [24] The tax is to be paid by the trader to the civic bodies and the rules and regulations of these vary amongst different States in ...
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The Siddhivinayak temple receives donations of around ₹ 100 million (US$1.2 million) – ₹ 150 million (US$1.8 million) every year, which makes it Mumbai city's richest temple trust. [6] In 2004, the Siddhivinayak Ganpati Temple Trust, which operates the temple, was accused of mismanaging donations.
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