Section 80G of the Indian Income Tax Act provides fiscal benefits to individuals who make gifts to eligible charitable organizations. Grasping this section is crucial for both donors and charities, as it can significantly affect their economic standing. Donations made under Section 80G are tax-exempt from the donor's income tax. This means that don
Grasping 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 grants deductions for contributions made to eligible charitable organizations and trusts registered with the government. To entitle these benefits, it is crucial to understand the parameters outlined in Section 80G. Donat