Tax Exemption : School Donations and Property Brokerages

School donations may qualify for tax exemptions under Section 80G of the Income Tax Act. However, specific conditions and limits apply. It is advisable to consult a tax expert or Chartered Accountant for accurate guidance regarding eligibility and documentation requirements.Property rent brokerages are generally considered as business income and are subject to taxation. However, certain deductions and exemptions may be applicable based on the expenses incurred in generating this income. It is recommended to consult a tax expert or Chartered Accountant for proper guidance on claiming exemptions related to property rent brokerages.