Section 501 c 3 of Internal Revenue Code of US allows tax exemption to certain nonprofit organizations that are set up as public charities, private foundations or private operating foundations.US Department of Treasury regulates all three types of 501(c) organizations,through...
Read moreThe moment you start computing taxable income of a person, you will come across the term tax deductions , personal tax exemption and tax credit . Two things about these taxation terms are well established - all three terms are...
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