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Quick Overview on G20 - 2023 India

  The 2023 G20 summit was held in New Delhi, India, on September 9-10, 2023. The main venue was the Pragati Maidan, a large exhibition complex in central Delhi. The summit was also held at other venues in New Delhi, including the Hyderabad House, the Prime Minister's residence, and the India International Centre. The 2023 G20 summit was attended by the leaders of the 20 member countries of the G20, as well as the leaders of several invited countries, including Argentina, Indonesia, Senegal, South Africa, and Turkey. The summit was also attended by the heads of international organizations, such as the United Nations, the World Bank, and the International Monetary Fund. The G20 Delhi Declaration was the outcome document of the 2023 G20 summit. It was a 38-paragraph document that covered a wide range of issues, including: The global economy and finance: The declaration called for continued efforts to strengthen the global economy and financial system. It also emphasized the importance...
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Update on Sec 80 G- Donations for charity



The Central Government has recently notified the Shri. Ram and Ramdas Swami Samadhi Temple & Ramdas Swami Math at Distt. Satara, Maharashtra to be a place of public worship u/s 80G (2).It means any donations made to this temple would qualify as deduction from the income u/s 80G.
Sec 80G specifies the various relief funds, charitable and religious institutions to which donation can be made for the purpose of claiming it as a deduction from the total income. These donations are allowed either up to 100% or 50% depending upon the fulfilment of conditions laid down in section 80G. In order to qualify as deduction, the donations exceeding Rs 2,000 should not be made in cash. It can be made in any mode other than cash.
The central government has the power to specify any temple, mosque, gurdwara, church or any other place as an eligible charitable or religious institution u/s 80G.The government can do this through notification in the official gazette.


(As per CBDT Notification No. 34/2017 dated 28th April, 2017)

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