Charitable giving is a commendable act which social responsibility. When individuals offer to eligible organizations under Section 80G of the Indian Income Tax Act, you not only benefit society but also enjoy certain tax incentives. Section 80G provides a tax deduction for donations given to registered charitable trusts and institutions. This sugge… Read More

Securing your financial future while contributing to societal well-being is a noble aspiration. Gifts under Section 80G of the Income Tax Act empower individuals to achieve just that. This provision offers generous tax benefits, allowing you to offset your tax liability while advancing worthy causes. Understanding the intricacies of Section 80G can… Read More

The yearly number of allowable charitable deductions may be capped dependant on your adjusted gross income (AGI) for that calendar year. This Restrict differs with regards to the character of contributed assets. For 2023, it is possible to deduct contributions to community charities, e. Typically, contributions that you carry forward are subject m… Read More