Give back to communities you care about while reducing your tax burden. Making a gift to a qualified charity is not only a generous act but can also result in significant monetary benefits. By claiming charitable deductions, you can effectively offset your taxable income and could save significant amount of money. It's important to understand the t
Comprehending Charitable Donations Under Section 80G
Charitable donations in India can significantly reduce your tax liability under Section 80G of the Income Tax Act. This section provides deductions for contributions made to eligible charitable organizations and trusts registered with the government. To claim these benefits, it is crucial to understand the criteria outlined in Section 80G. Donatio