Asmit donates 2,04,918 to two charitable institutions such that the first institution gets
2/5
of what the second
one gets. Find the amount of money each institution receives. Also, find the ratio between the amounts the
two institutions get. ...................
......plzz give answer correctly
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The amount donated towards charity attracts deduction under section 80G of the Income Tax Act. Section 80G has been in the law book since financial year 1967-68 and it seems it’s here to stay. Several deductions have been swept away but the tax sop for donations appears to have survived the axe. The main features of tax benefit with respect to charity are as follows:
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