Donations Under 15A Benefits

Donations made to registered charitable organizations in India under Section 15A of the Income Tax Act, 1961, provide benefits to the donor. The benefits include:

1. Exemption from income tax: Donations are exempt from income tax, reducing taxable income.
2. No tax deduction limit: No limit on the amount that can be donated and exempted from tax.
3. Applicability to all entities: Benefits available to individuals, companies, and other entities.
4. Simplified process: Easy to claim the exemption by furnishing the donation receipt.
5. Supports scientific research and rural development: Encourages donations for scientific research, rural development, and other social causes.
6. No tax on anonymous donations: Donations made anonymously are also exempt from tax.
7. No tax on donations to political parties: Donations to registered political parties are also exempt.
8. No tax on donations to electoral trusts: Donations to electoral trusts are also exempt.

Please note that Section 15A is applicable to specific types of donations, such as:

1. Donations to scientific research associations
2. Donations to rural development programs
3. Donations to political parties
4. Donations to electoral trusts

Consult a tax professional or refer to the Income Tax Act, 1961, for specific details and eligibility criteria.

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