TAX BENEFITS OF CHARITABLE DONATIONS UNDER SECTION 80G

Charitable donations in India are recognized as a laudable 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 institutions. These perks aim to motivate individuals and organizations to contribute towards the social well-being of t

Donors can utilize it to confirm that an organization is tax-exempt and eligible to acquire tax-deductible charitable contributions. Observe: This deduction is not obtainable if someone taxpayer opts to pay for taxes under the new tax routine (115BAC). For other firms, together with sole proprietorships, partnerships, and S firms, the Restrict re