Benefits of charity: "March is one month when people get far more altruistic than usual. That is, the quantum of donations made in that particular month shoots up.
However, a cynic would say that these donations are motivated by the tax breaks accompanying them. Well, we are tackling this subject a whole month later. But there would be a March 2008, March 2009, March 2010...
The section of the Income Tax Act under which such benefits can be claimed is Section 80G. The list will test the comprehension power of a layman. However, let us try and simplify it."
Monday, April 30, 2007
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