Akshaya Tritiya is one of the Kalpadi Tithi and it marks the beginning of Krita Era. Shradh and Tarpan performed on the day are highly meritorious and everlasting. Making donations on the day on earth to poor people is equal to offering to the deceased ancestor’s souls. The importance of Akshaya Tritiya Shradh is mentioned in the Garuda Puran.
If donations are made on the day the soul of the ancestors will not be tormented by the lieutenants of Lord Yama.