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Showing posts from April, 2020

Donation tax deduction limit under 80G

As the financial calendar ticks down to the end of March 2020, we all get into the tax-saving groove. In case you have donated this year, you will be able to claim the same under Section 80G of the Income Tax Act that offers tax-saving provisions for charity. Section 80G enables tax exemptions for everyone – individuals, companies, and partnership firms. It also pertains to NRIs, making it an exceedingly attractive investment option, where the Government offers Section 80G donation tax exemption as an incentive for donation.  However, one should be made aware of the  donation tax deduction limit . U nder the 100% category of tax deduction, the following schemes come in the deduction limit - National Defence Fund, Prime Minister's National Relief Fund, The National Foundation for Communal Harmony, and the National/State Blood Transfusion Council. Further, it is possible to claim donations under the same category if one makes donations to local authorities or the Government in i

Things we can do to stop child labour in India

A known evil, an accepted evil, an evil that can churn the society and render it futile is child labour. A child at a tea stall, a child on the street selling flowers, a child at the general store helping you purchase items - we come across these incidents every single day, in every walk of our life, don't we? Then how is it that don't do anything about it?  Has child labour become so acceptable to our society that we're fine with its existence? How does one take action to  stop child labour  ? It may seem like a daunting task, but to abolish it, is the need of the hour. We have to safeguard our future, the future of our nation – its children. First, we need to start by identifying child labour, which mostly gets hidden or unseen. Instead of extracting children out of these hazardous situations, we need to create some strict ground rules for employers all over the country to follow. This will ensure less indulgence on their part to employ children below a minimum empl