EXPLOITING TAX BENEFITS FOR CHARITABLE DONATIONS UNDER SECTION 80G

Section 80G of the Indian Income Tax Act provides valuable incentives to individuals who contribute to eligible charitable organizations. This clause allows for a considerable tax deduction on donations made, making it a mutually beneficial situation for both the giver and the recipient. To successfully utilize this scheme, you should comprehend th

generally speaking, contributions to charitable businesses could be deducted Guide approximately fifty per cent of altered gross income computed with out regard to net working loss carrybacks.  Contributions to specified non-public foundations, veterans companies, fraternal societies, and cemetery organizations are restricted to thirty per cent�