GSEB HSC SCIENCE RESULT 2020/ GSEB 12TH SCIENCE RESULT 2020/ GSEB HSC RESULT DATE 2020 OFFICIAL PRESS NOTE
GSEB HSC Science Result 2020 – GSEB is expected to declare GSEB HSC result in the month of May. It is declared for Science and General stream online at gseb.org. Gujarat Secondary and Higher Secondary Education Board (GSEB) declares 12th result by online mode only. To check the result, students need their 6-digit seat number. Students need a minimum of 33% marks to pass the exam. Check more details on GSEB HSC result 2020 from this page.
Last year, Gujarat board released the result for Science stream on May 09. Whereas, the result for General stream was declared on May 25. Hence, for this year, it is also expected that HSC result 2020 will be announced in May. You can check the past trends for declaration of GSEB HSC result in the table below.
GSEB HSC SCIENCE RESULT 2020
GSEB HSC Science Result 2020 – GSEB is expected to declare GSEB HSC result in the month of May. It is declared for Science and General stream online at gseb.org. Gujarat Secondary and Higher Secondary Education Board (GSEB) declares 12th result by online mode only. To check the result, students need their 6-digit seat number. Students need a minimum of 33% marks to pass the exam. Check more details on GSEB HSC result 2020 from this page.
Last year, Gujarat board released the result for Science stream on May 09. Whereas, the result for General stream was declared on May 25. Hence, for this year, it is also expected that HSC result 2020 will be announced in May. You can check the past trends for declaration of GSEB HSC result in the table below.
GSEB HSC SCIENCE RESULT 2020
Before 2004, donating a car to charity was a popular tax gambit. People would take thousands of dollars worth of tax deductions (no matter what the car ended up fetching for the charity at a sale or auction). Congress put a stop to this by passing the American Jobs Creation Act of 2004, limiting the deduction one could take for a donated car, truck, boat or plane worth more than $500. Instead of letting taxpayers simply deduct the published fair market value of the vehicle, as before, the Act decreed the deduction be determined by the exact amount the car actually garnered for the charity—and documented by a receipt from the charity to the donor.
Cars often go for rock-bottom prices—$30 to $50—at charity sales and auctions. Not surprisingly, donating that old auto suddenly became less popular.
So, is a car donation still worth it? Well, if you have a junker, it's probably not going to give you much of a tax deduction. On the other hand, if you have car that can be used by the charity, the donation could be significant.
Why Donate
If you have a car in decent working condition, by donating it you will:
Cars often go for rock-bottom prices—$30 to $50—at charity sales and auctions. Not surprisingly, donating that old auto suddenly became less popular.
So, is a car donation still worth it? Well, if you have a junker, it's probably not going to give you much of a tax deduction. On the other hand, if you have car that can be used by the charity, the donation could be significant.
Why Donate
If you have a car in decent working condition, by donating it you will:
1. Help a charity whose work you believe in: Maybe that seems obvious (most of us make donations to charities whose work we support), but it's true.
2. Provide a vehicle for the charity to use: As long as your car is usable, many charities can make good use of it: delivering meals to the elderly, taking people to doctors, or anything else that furthers the charitable mission. Some of your best choices for charities that actually use donated cars for their activities include the United Way, Goodwill, and the Salvation Army. On the local level, think about community colleges and vocational schools; their education programs use donated cars to train mechanics.
3. Get a healthy tax write-off: The rules are strict since the law changed in 2004, and the process more complicated, but a deduction approaching fair market value can still be had. If you donate a car valued over $500, and the charity sells it, you must get a written notice from the charity stating that it was "sold in an arm's length transaction between unrelated parties" and the gross proceeds of the sale. If the car is going to be used by the charity in its programs, then you will get written certification of its intended use and planned time of use. The charity must not sell or exchange the vehicle before the planned time of intended use. If the car is worth more than $5,000, you must also get an independent appraisal stating so. If the car is worth more than $500, you will need to file IRS Form 8283 and attach to your return. If the car is worth more than $5,000, in addition to Form 8283, it might be a good idea to include the independent appraisal and the charity's certification with your return as well.
GSEB HSC SCIENCE RESULT 2020
2. Provide a vehicle for the charity to use: As long as your car is usable, many charities can make good use of it: delivering meals to the elderly, taking people to doctors, or anything else that furthers the charitable mission. Some of your best choices for charities that actually use donated cars for their activities include the United Way, Goodwill, and the Salvation Army. On the local level, think about community colleges and vocational schools; their education programs use donated cars to train mechanics.
3. Get a healthy tax write-off: The rules are strict since the law changed in 2004, and the process more complicated, but a deduction approaching fair market value can still be had. If you donate a car valued over $500, and the charity sells it, you must get a written notice from the charity stating that it was "sold in an arm's length transaction between unrelated parties" and the gross proceeds of the sale. If the car is going to be used by the charity in its programs, then you will get written certification of its intended use and planned time of use. The charity must not sell or exchange the vehicle before the planned time of intended use. If the car is worth more than $5,000, you must also get an independent appraisal stating so. If the car is worth more than $500, you will need to file IRS Form 8283 and attach to your return. If the car is worth more than $5,000, in addition to Form 8283, it might be a good idea to include the independent appraisal and the charity's certification with your return as well.
GSEB HSC SCIENCE RESULT 2020
4. Avoid the hassles of selling the car yourself: You won't need to pay for newspaper ads. Nor will you deal with phone calls or emails—or have to show the car to potential buyers and haggle over the sales price.
5. Free pick-up: Many charities that accept cars will collect and tow them away for free. But you do need to realize the charity will deduct this cost from the car's value, which will reduce your tax deduction. Of course, if towing amounts to a significant percentage of the car's worth, you can always drive it in yourself.
6. Get rid of a car that does not have proper title: Some charities will take a car for which you cannot find the title. They probably will only be able to sell it for scrap or parts, reducing the value of your deduction, but at least you can get it out of your driveway and can avoid the expense of replacing that title.
The Bottom Line
Non-cash donations are a common trigger for IRS audits. So, after you make your generous contribution, make sure you carefully document the transaction and keep the documents in your IRS tax file for that year in case your accountant or tax preparer needs it. Also familiarize yourself with the IRS' publication "A Donor's Guide to Vehicle Donation." That way you can be sure you are following all the rules.
You also want to make sure the charity you select is a qualified organization. You can check the list of qualified organizations at this IRS website.
Donating a car to charity can be a win-win for you and the charity, provided the donation meets the provisions of the 2004 law. Remember, the most beneficial donation involves a car that can be used by the charity or—if transportation for the underprivileged is part of the charity's mission—sold directly to a person who will drive it: Only then (and with the proper documentation) can you take a figure near the car's blue book value.
Gujarat board releases the HSC result for all the students on its official website. To check the result, the students can follow the easy steps mentioned below.
Step 1: Click on the direct link on this page to check GSEB 12th result.
Step 2: Next, the students have to log in using seat number as mentioned on your Gujarat HSC admit card.
Step 3: Click on the ‘go’ button after entering the detail.
Step 4: After this, your result will appear on the screen.
Step 5: Lastly, check and download your result for future reference.
DOWNLOAD RESULT OFFICIAL PRESS NOTE
The Bottom Line
Non-cash donations are a common trigger for IRS audits. So, after you make your generous contribution, make sure you carefully document the transaction and keep the documents in your IRS tax file for that year in case your accountant or tax preparer needs it. Also familiarize yourself with the IRS' publication "A Donor's Guide to Vehicle Donation." That way you can be sure you are following all the rules.
You also want to make sure the charity you select is a qualified organization. You can check the list of qualified organizations at this IRS website.
Donating a car to charity can be a win-win for you and the charity, provided the donation meets the provisions of the 2004 law. Remember, the most beneficial donation involves a car that can be used by the charity or—if transportation for the underprivileged is part of the charity's mission—sold directly to a person who will drive it: Only then (and with the proper documentation) can you take a figure near the car's blue book value.
Gujarat board releases the HSC result for all the students on its official website. To check the result, the students can follow the easy steps mentioned below.
Step 1: Click on the direct link on this page to check GSEB 12th result.
Step 2: Next, the students have to log in using seat number as mentioned on your Gujarat HSC admit card.
Step 3: Click on the ‘go’ button after entering the detail.
Step 4: After this, your result will appear on the screen.
Step 5: Lastly, check and download your result for future reference.
DOWNLOAD RESULT OFFICIAL PRESS NOTE