EXPLOITING TAX BENEFITS FOR CHARITABLE DONATIONS UNDER SECTION 80G

Section 80G of the Indian Income Tax Act provides valuable incentives to citizens who donate to eligible charitable institutes. This clause allows for a considerable tax relief on donations made, making it a win-win situation for both the giver and the organization. To successfully utilize this benefit, you should grasp the various criteria laid do

generally, contributions to charitable businesses might be deducted around fifty per cent of adjusted gross income computed devoid of regard to net operating loss carrybacks.  Contributions to specified non-public foundations, veterans corporations, fraternal societies, and cemetery companies are restricted to thirty per cent modified gross inc