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The importance of section 80g
Firstly, it is important to know that in order to claim a tax deduction under section 80g, the donations must be made in cash or through cheque/drafts only. This means any contributions made in kind are not eligible for deductions. Additionally, there are several restrictions on what type of charitable organizations can qualify for this deduction- such as those registered under the Income Tax Act 1961 or those approved by the Central Government as well as certain other specified funds and institutions.
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