ELEVATING YOUR GIVING : CHARITABLE DONATIONS UNDER SECTION 80G

Securing financial advantages through charitable donations is a noble endeavor that promotes responsible wealth management. Under Section 80G of the Income Tax Act, contributors can claim deductions on their income tax returns for contributions made to eligible organizations . This provision not only minimizes your tax liability but also allocates

Businesses donating food stock which are suitable for the present Increased deduction (for contributions for your care from the unwell, needy and infants) may qualify for greater deduction boundaries. For contributions built in 2021, the Restrict for these contribution deductions is improved from 15% to 25%. For C organizations, the twenty five% li