Section 80G of the Indian Income Tax Act provides financial benefits to individuals who make donations to approved charitable organizations. Understanding this section is crucial for both donors and charities, as it can significantly affect their fiscal standing. Contributions made under Section 80G are tax-deductible from the donor's income tax. T
Grasping Charitable Donations Under Section 80G
Charitable donations in India can substantially reduce your tax liability under Section 80G of the Income Tax Act. This section offers 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