UTILIZING TAX BENEFITS FOR CHARITABLE DONATIONS UNDER SECTION 80G

Section 80G of the Indian Income Tax Act provides valuable benefits to citizens who give to eligible charitable causes. This clause allows for a considerable tax relief on donations made, making it a advantageous situation for both the giver and the recipient. To optimally utilize this scheme, one must comprehend the various criteria laid down by t

normally, contributions to charitable companies could be deducted around 50 per cent of adjusted gross income computed without having regard to Web functioning reduction carrybacks.  Contributions to selected non-public foundations, veterans businesses, fraternal societies, and cemetery organizations are limited to 30 p.c modified gross income