Charitable giving is a noble act that can significantly impact the lives of others. However, savvy donors understand the significance of making their contributions effectively. By leveraging Section 80G benefits, you can not only support worthy causes but also minimize your tax liability. This section of the Indian Income Tax Act provides fiscal be
Tax Deductions for Philanthropic Contributions under Section 80G
Under Indian tax law, Section 80G grants financial incentives to individuals who make generous donations to eligible organizations. These donations are deducted from your taxable income, effectively reducing the amount of tax you owe. The extent of the deduction depends on the type of organization and the nature of the gift. It's crucial to note th