When you contribute to charitable organizations in India, you not only make a positive impact on society but also gain potential tax perks. This is where Section 80G of the Indian Income Tax Act comes into play. It allows for deductions on your taxable income when you donate to qualified institutions. To maximize your tax savings, it's crucial to g
donation to charity Secrets
The Income Tax Act incorporates a provision known as part 80G that enables taxpayers to deduct many different contributions made as charitable donations. it is vital to doc what was donated and the marketplace worth of the item (Unless of course it was cash). Also, you'll need to document who you donated the product to, and whenever you or your co