What documents do you need to claim the 80g deduction
To claim the 80g deduction under the income tax act, in India, certain documents are essential. Firstly, a valid receipt from the charitable organization acknowledging the donation is necessary; it should include the organization’s name, PAN and the amount donated. Additionally, ensure you have a copy of the organization’s 80g registration certificate which confirms its eligibility to receive tax-deductible donations. If the donation is made online, a bank statement or transaction receipt may also be required. Importantly, maintain details such as the purpose of the donation and the date of the transaction. Proper documentation not only facilitates a seamless claim but also ensures compliance with tax regulations, maximizing your eligible deductions.