UNDERSTANDING DONATIONS UNDER SECTION 80G

Section 80G of the Indian Income Tax Act provides tax benefits to individuals who make gifts to eligible charitable organizations. Grasping this section is crucial for both donors and charities, as it can significantly influence their fiscal standing. Gifts made under Section 80G are tax-deductible from the donor's gross income. This means that don

When it comes to making a meaningful contribution through charitable giving, understanding the intricacies of tax benefits can substantially enhance your overall effect. In India, Section 80G of the Income Tax Act provides taxpayers with a valuable incentive to reduce their tax liability while supporting worthy causes. By making eligible donations