LEVERAGING TAX BENEFITS FOR CHARITABLE DONATIONS UNDER SECTION 80G

Section 80G of the Indian Income Tax Act provides valuable benefits to citizens who contribute to eligible charitable institutes. This clause allows for a considerable tax reduction on donations made, making it a win-win situation for both the giver and the beneficiary. To effectively utilize this benefit, it's comprehend the various criteria laid

generally speaking, contributions to charitable corporations could be deducted around 50 % of altered gross income computed devoid of regard to Internet working loss carrybacks.  Contributions to certain personal foundations, veterans companies, fraternal societies, and cemetery corporations are restricted to 30 p.c altered gross income (comput