Looking to minimize your tax burden while also making a positive impact on the world? Donating to non-profit organizations is a effective way to achieve both goals. By grasping the tax benefits associated with charitable giving, you can enhance your overall impact. One key benefit is the ability to write off donations from your taxable income. Thi
Charitable Donations under Section 80G
Under Indian tax law, Section 80G grants tax advantages to individuals who make charitable contributions to eligible organizations. These donations are subtracted from your overall tax burden, effectively reducing the amount of taxes payable. The extent of the deduction depends on the type of organization and the nature of the contribution. It's cr