What is a Section 18A donation?
What is a Section 18A donation? Section 18A of the Income Tax Act (Act 58 of 1962) This means that: Therefore, unconditional donations to the University in cash or in kind (eg material assets), qualify as a tax deductible expense, provided that the donation does not exceed 10% of the donor's taxable income. Which donations are eligible for 100 deduction? Donations Eligible for 100% Deduction Without Qualifying LimitNational Defence Fund set up by the Central Government.Prime Minister's National Relief Fund.National Foundation for Communal Harmony.An approved university/educational institution of National eminence. What charitable contributions are tax deductible in 2020? Individuals can...