Donations play a pivotal role in supporting various charitable causes and contributing to the societal advancement. Section 80G of the Indian Income Tax Act provides tax benefits for donations made to eligible organizations. Grasping the nuances of Section 80G is vital for both donors and recipients, ensuring accountability in charitable giving. Th

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Holding periods and wash sale rules: Be conscious with the wash sale procedures, which can have an impact on the charitable deduction Should the donated stock is replaced within 30 days. The deduction for dollars donations is normally limited to 60% of your federal adjusted gross income (AGI). However, that percentage drops for specified varieties