Legal-Explanations.com - Legal resources in plain English
Legal-Explanations.com Home > Legal Definitions
 

Charitable Contribution

In the law of taxation it refers to any contribution in cash or cheque to a non profit organisation which has been qualified to receive charity. Such organisation can be religious, artistic, acedamic, scientific, charity etc. The amounted contributed is lowered from the income thereby less tax is paid.

 
Legal-Explanations.com Home
About us | Contact us | Privacy | Terms of service

2004 - 2007 Legal-Explanations.com. All rights reserved