• According to the Income Tax Act of India, Section 80G allows for tax deductions on donations made to charitable organizations and Non-Profit Organizations (NPOs), including those listed on the Social Stock Exchange (SSE).
• This provision encourages charitable contributions by offering individuals and businesses the opportunity to deduct their investments in qualifying NPOs from their taxable income, thereby reducing their tax liability.
• The deductions are available for donations made to approved institutions that meet the criteria specified under the section. In the case of NPOs listed on the SSE, these donations can be claimed under Section 80G for tax benefits.
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