MAXIMIZING YOUR IMPACT : CHARITABLE DONATIONS UNDER SECTION 80G

Securing financial benefits through charitable donations is a noble endeavor that fosters responsible wealth management. Under Section 80G of the Income Tax Act, taxpayers can claim deductions on their income tax returns for contributions made to eligible charities . This provision not only minimizes your tax liability but also channels resources t

once you make a donation to the charity, you may truly feel fantastic about contributing to a necessity. As an additional benefit, you can also use your charitable donations to reduce your tax Invoice. Take note: This deduction is not really available if an individual taxpayer opts to pay taxes beneath the new tax regime (115BAC). ” when the co