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Whether a trust, society or Section 8 company, the Income Tax Act, 1961 gives all categories equal treatment, in terms of exempting their income and granting 80G certificates, whereby donors to non-profit organisations may claim a rebate against donations made. [2]
FFE has established an organization in India called the Foundation For Excellence India Trust (FFEIT). The organization is recognized as a charitable trust under Section 12A(a) of the Indian Income-Tax Act of 1961. Donations to the Trust are eligible for tax deduction under Section 80G of the Indian Income Tax Act of 1961.
Under the Old Tax Regime, individuals earning up to ₹5 lakh were exempt from paying income tax. There is an increase in the rebate limit by ₹2 lakh within the framework of the New Tax Regime. This would effectively exempt individuals with incomes up to ₹7 lakh from any tax obligations under the new system. [15]
Daily Totals: 1,823 calories, 80g fat, 102g protein, 183g carbohydrate, 32g fiber, 1,878mg sodium. Make it 1,500 calories: Change breakfast to 1 serving Scrambled Eggs with Spinach, Feta & Pita ...
As the Companies Act 2013 only allowed CSR exemptions for funds established by the government for socio-economic development and relief work, the Ministry of Corporate Affairs issued a circular in March 2020, authorising exemptions for the PM CARES Fund, noting that it was a public fund established by the Central Government. [41]
A new sex trend among college students is getting attention on TikTok − and it has doctors worried.. That trend is using honey packets, a controversial supplement marketed for sexual enhancement ...
Youth United is an Income Tax exempted Non Governmental Organization, registered under Article XXI of the Societies Registration Act of 1860, [4] India and exempted from Income Tax under section 12A and 80G of Income Tax Act of 1961, India. [5] [6]
According to the New York Times, here's exactly how to play Strands: Find theme words to fill the board. Theme words stay highlighted in blue when found.