I got some non-moving old stocks in my shop which the condition is still good, would like to donate it to the charity (which is eligible for tax relief).
I've read through LHDN website and found this

-      Act 44 (9) There shall be deducted pursuant to this subsection
from the aggregate income of a relevant person who is an
individual for the relevant year reduced by any deduction for
that year in accordance with subsection (1) an amount equal to
any gift of money or contribution in kind ( the value to be
determined by the relevant local authority ) made by him in the
basis year for that year for provision of facilities in public
places for the benefit of disabled persons.

Does it means with donating RM10000 worth of stocks , I can get tax relief of 10k?

Please advise. Thanks..
If not possible to get tax relief, does it benefits my account in anyway? The stocks are place consuming and outdated, no point giving FOC to customer because I think they won't appreciate it. To the poor it might just be good enough.

yup. only those approved by government, and locally only... organization like "world vision" not qualified bcoz it's international... lol..

cap at certain % is not a problem... the problem is how to out the stock? Do I need to prepare an invoice? Or just a letter for the organization to sign upon receiving my items, just to confirm they received the goods? If let say I consult the said organization for PLAN A, then LHDN say need to do in PLAN B instead, then pening sia....

Just assume after donation, then the goven FFK me say cannot, then is there a way to manage my account for the stock lost?

thanks bro. very helpful information. 

me myself stays in rural place... here don have unifi .... 

I won't consider donating to big cities la... here in Sabah need my help.. ^^

I heard someone new row of houses across the fence from TM also got no line. Hope that makes you feel a bit better.