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ITR filing: Select donations qualify for tax benefits, say analysts

Donors need to select the appropriate mode while making donations under these two sections

cash, currency, notes, funds, investment, shares, growth, profit, loss, tax, money, income, earnings
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Bindisha Sarang
The pandemic saw people donating to funds and charitable organisations working for Covid-19-related causes, like PM CARES Fund and non-governmental organisations that took care of Covid orphans. Many adopted unconventional means to donate, like using their reward points to supply oxygen cylinders to the needy. While filing your income-tax (I-T) returns, you can enjoy tax benefits on the amount donated under two Sections of the I-T Act.   

Section 80G

Vivek Jalan, partner, Tax Connect Advisory Services, says, “An individual, firm, company or any other person, including non-resident Indians, can claim deduction under Section 80G.”

Depending on the nature of

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