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 reliefs on their contributions made to eligible charitable organizations. These incentives aim to encourage individuals and organizations to contribute towards the social

money gifts to charity seem on plan A in the tax return, which is exactly where itemized deductions are mentioned. So if a taxpayer doesn’t itemize their deductions, they received’t receive a tax deduction their donation. It’s that time of yr when taxpayers are considering how they would like to give back again, and several taxpayers will wa