Do i get deductions for in kind donations like clothes, food, etc. under section 80g
When it comes to in-kind donations, such as clothing, food or other goods the tax benefits can be a bit more complex. Under section 80g of the income tax act, donors are eligible for tax deductions for monetary donations made to registered charities. However, for in-kind donations the tax benefits are a bit different. The Income Tax Department allows donors to claim a deduction for the fair market value of the donated goods but only if the charity issues a receipt for the same. The donor must also attach this receipt with the income tax return to claim the deduction.