Charity Financial News

Employees' Provident Fund, life insurance premiums, tuition fees, home loan principal repayments, etc., as these qualify for deductions of up to ₹1.5 lakh under Section 80C. Income tax allows exemption and deduction of certain investments made during the year. As the financial year 2023-24 is about to end, individual taxpayers need to make investments before March to claim the benefit in the Income Tax Return (ITR).

A New York judge has ordered Donald Trump and his companies to pay $355 million in penalties

By Abigail Summerville

Despite economic challenges from inflation and rising interest rates, donors on Fidelity Charitable came together to make 2023 the platform’s most impactful year yet.

Fidelity Charitable, the nation’s largest grantmaker, distributed a record-setting $11.8 billion to nonprofits in 2023, up more than 5% at a time when donations are generally dropping

YouTube collective, Sidemen, known for their massive online presence, is teaming up with Netflix for a documentary. Here's all the information you need to know about the release, streaming options, and more.

By Alvise Armellini

King Charles said, “I would like to express my most heartfelt thanks for the many messages of support and good wishes I have received in recent days". On Monday, Buckingham Palace announced that King Charles, 75, had been diagnosed with a form of cancer, less than 18 months into his reign, adding that he would postpone some engagements to undergo treatment.

Silent Donor is flourishing just as the privacy debate for contributors heats up, especially for those using donor-advised funds to anonymously give to their favorite, and sometimes controversial, causes while also getting a tax break

In recent times, shoppers have been displaying new behaviours. A phenomenon called ‘bracketing’ is on the rise. This term describes a tendency of a consumer to buy multiple versions of a product, such as different sizes of a shirt, with the intent of sending back the ones they don’t want to keep.

Last week at Davos, a group of self-declared rich people demanded that elected politicians force them to pay more tax. The “patriotic millionaires" group announced in a letter, signed by 260 of them, that they would be “proud to pay more" if it were to make for better societies. They also insisted that they were not alone in wanting to pay more.

(Reuters) — MacKenzie Scott, ex-wife of Amazon.com (NASDAQ:AMZN) billionaire Chief Executive Jeff Bezos, sold 65.3 million shares in the ecommerce giant last year, Bloomberg News reported on Friday.

A scandal over an Italian influencer's Christmas-cake involvement that authorities alleged misled consumers has inspired a government crackdown

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RSS chief Mohan Bhagwat on Monday called for shunning disputes while he talked about unity, compassion and harmony. Addressing the gathering after participating in the consecration ceremony of Lord Ram in Ayodhya, Bhagwat said, «We are all children of Bharat Varsha. We have to maintain good conduct and end disputes. We have to stop fighting… we should all be harmonious and walk along with everyone else,» Bhagwat said. Describing PM Narendra Modi as a «Tapaswi,» Bhagwat said, «The Prime Minister alone did 'taap' (penance), and now, we all have to do that.» With Ram Lalla's consecration in Ayodhya, India's self-pride has returned, Bhagwat said, adding, «Today's programme has become a symbol of a new India that will stand up and provide help to the entire world.» The RSS chief said that Ram Lalla has returned home after 500 years because of the penance of a lot of people.

Vienna, Jan 19, 2024 -The Swiss watch that got Hollywood star Arnold Schwarzenegger in trouble with German custom officials has been sold for 270,000 euros ($290,000), the actor's charity said Friday. The action hero-turned-environmental campaigner was held at Munich airport Wednesday for failing to declare the bespoke Audemars Piguet timepiece that was being auctioned for his climate charity. Schwarzenegger called his brush with the law a «wild experience» at the charity dinner Thursday where the watch was auctioned, cracking raunchy jokes about a female official who he said «was going to put me in handcuffs», according to a video posted on entertainment website TMZ. «Usually I pay $500 for that,» said the 76-year-old actor, a former governor of California. Schwarzenegger was held for three hours, according to the German media, before being allowed to take the watch to the dinner. The fundraiser for his Schwarzenegger Climate Initiative was held across the border in his native Austria in the Alpine resort of Kitzbuehel, with US climate envoy John Kerry said to be among the guests. «The world's most famous watch was auctioned off for 270,000 euros,» the charity said Friday. «Arnold Schwarzenegger's customs adventure had a happy ending,» it added. Duty should have been paid on the watch because Schwarzenegger was intending to sell it in the European Union, German customs spokesman Thomas Meister said.

Dire Straits frontman Mark Knopfler is selling off a large part of his extensive guitar collection at a London auction with part of the proceeds going to charity. The collection, which includes some of the most significant guitars from Knopfler's 50-year career, is on show at Christie's auction house ahead of the Jan. 31 sale. «It's a wonderful collection of 122 items from Mark Knopfler spanning all of his career and it… represents physically his career as a musician and an instigator and supplier of our communal soundtrack,» Kerry Keane, Christie's specialist consultant for musical instruments, told Reuters. A 1983 red Schecter Telecaster-style guitar used to record Dire Straits' hit «Walk of Life» and which featured in its accompanying music video is estimated at 4,000 — 6,000 pounds ($5,072 — $7,609). A 1983 Gibson Les Paul Standard '59 reissue used for the track «Money for Nothing,» which contains one of Knopfler's most iconic guitar riffs, has an estimate of 6,000 — 8,000 pounds. Christie's said an original version of the 1959 Gibson Les Paul used by Knopfler for performances in the 2000s was likely to fetch the sale's highest price, with an estimate of 300,000 to 500,000 pounds.

Arnold Schwarzenegger was stopped for hours by customs at Munich Airport after entering Germany with a luxury watch that was potentially to be auctioned at a charity event

DAVOS, Switzerland — OpenAI founder and CEO Sam Altman said the night he was pushed out by the board was «wild,» and he felt «super confused» and was «super caught off guard.»

Makar Sankranti, the harvest festival celebrated in various parts of the Indian subcontinent, is being celebrated on 15th January 2024. This festival marks the transition of increasingly lengthening days and the sun's movement towards the North. The history behind Makar Sankranti revolves around the worship of the Sun God 'Surya' for success and prosperity. Devotees partake in a holy dip in the river Ganga and gather on its banks for meditation, believing that this ritual cleanses the soul and absolves them of sins.

An Italian company that makes a popular Christmas cake says it acted in “absolute good faith” when it offered a special edition with the logo of an Italian influencer that has landed both under investigation by prosecutors