How Income Tax Support Philanthropy Through Ngo Registration
The income tax guide plays an important role in promoting philanthropy through encouraging people and companies to contribute generously to social reasons through registration of non-governmental organizations (NGOs). When a ngo registration as a non -profit corporation under the applied legal framework, it turns into a character for diverse tax blessings that perform effective motivational function for donors. These benefits include tax deductions on donations made to NGOs registered which reduce the contributor's taxable profits, encouraging additional comprehensive and general contributions. Governments know that active benevolence is necessary for social reform, poverty relief, education, healthcare and environmental protection. By providing tax exemption or deduction, they effectively reduce monetary burden on donors, giving charitable an additional attractive and durable practice. The method of ngo registration is designed to ensure self -transparency, accountability and...