Charitable giving is a commendable act that social responsibility. When donations are made to eligible organizations under Section 80G of the Indian Income Tax Act, you not only benefit society but also avail certain tax incentives. Section 80G provides a tax deduction for donations contributed to registered charitable charity to donation trusts an… Read More

Securing your financial future while contributing to societal well-being is a noble aspiration. Contributions under Section 80G of the Income Tax Act empower individuals to achieve just that. This provision offers generous tax benefits, allowing you to minimize your tax liability while supporting worthy causes. Understanding the intricacies of Sect… Read More

The annual amount of allowable charitable deductions might be capped depending on your modified gross income (AGI) with the year. This limit varies with regards to the mother nature of contributed property. For 2023, you'll be able to deduct contributions to community charities, e. Charitable contributions are typically tax deductible, however the… Read More