EXPLOITING TAX BENEFITS FOR CHARITABLE DONATIONS UNDER SECTION 80G

Section 80G of the Indian Income Tax Act provides valuable benefits to individuals who donate to eligible charitable causes. This clause allows for a considerable tax reduction on donations made, making it a advantageous situation for both the contributer and the organization. To optimally utilize this benefit, it's grasp the various requirements l

Contributions of appreciated cash attain property are generally capped at thirty% on the AGI should they're produced to qualifying organizations and twenty% from the AGI in the situation of non-qualifying organizations. Donating your automobile to charity may result in substantial tax savings in the event you contain it as part of your charitable