Securing financial perks through charitable donations is a noble endeavor that encourages responsible wealth management. Under Section 80G of the Income Tax Act, taxpayers can claim deductions on their income tax returns for contributions made to eligible organizations . This provision not only lowers your tax liability but also allocates resources
5 Easy Facts About tax benefits of donating Described
Donation by a company into the Indian Olympic Affiliation or any other notified association or institution set up in India to create infrastructure for athletics and video games in India or sponsor sporting activities and games in India. In addition, in case you itemize deductions, You may additionally take tax benefits of donating a charitable de