Wednesday, August 17, 2005

Charitable Deductions

Why is it that in India one only gets to deduct 50% of any charitable deductions for tax purposes?

In America, in contrast, one gets to deduct 100% -- this is a terrific way to incentivize charitable giving to fund a whole range of non-governmental social programs.

Isn't it time Indians had the same benefit?

1 comment:

Vulturo said...

Fully Agree.


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