frequently specific and organisations will give donations to political get-togethers in the everyday program of company. To inspire the donations to political events, Income Tax Act 1961 has introduced the tax deductions for the contributions made to political functions. Sums paid out to a study Business that conducts social science or statistical
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you may deduct the cost and repairs of uniforms that are not well suited for daily use and you will have to don even though performing donated services for an experienced Corporation. In case the receiver (or A different individual) assumes the debt, you must also reduce the FMV in the property by the quantity of the excellent credit card debt ass