TAX BENEFITS OF CHARITABLE DONATIONS UNDER SECTION 80G

Charitable donations in India are recognized as a noble act and are encouraged by the government. Under Section 80G of the Income Tax Act, 1961, donors are entitled to certain deductions on their contributions made to eligible charitable organizations. These incentives aim to motivate individuals and organizations to contribute towards the social w

through the use of the appropriate tax setting up approaches, charitable contributions can decrease 3 sorts of federal taxes: income, capital gains and estate taxes. you can also make donations without concentrating on cash, and that's via contributing appreciated assets for instance shares directly to a charity. if you donate stocks, that you are