Charitable Contribution Definition and Legal Meaning
On this page, you'll find the legal definition and meaning of Charitable Contribution, written in plain English, along with examples of how it is used.
What is 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.