Charitable/Development donation Clause Samples

Charitable/Development donation. Donations made under Charitable/Development are eligible for income tax deduction u/s 80-G of income Tax Act 1961. Donation made under charitable/development fund is allocated to following funds a. General Fund: This fund is utilized for Trust corpus fund to provide assistance for Educational, medical, clothing and other needs of needy general public. Before assisting, We ensure that the beneficiary is genuine and poor and require help to meet the above.