Donations play a pivotal role in supporting various charitable causes and contributing to the societal growth. Section 80G of the Indian Income Tax Act provides tax deductions for donations made to eligible organizations. Grasping the nuances of Section 80G is essential for both donors and recipients, ensuring fairness in charitable giving. This… Read More

Securing tax benefits while contributing to worthy causes is a win-win situation. Under India's Income Tax Act, donations made to registered charitable organizations under Section 80G can potentially lower your tax liability. These generous contributions offer significant financial incentives for individuals who wish to support social progress. … Read More

typically, You can not claim a charitable contribution deduction In case you are compensated or reimbursed for almost any Component of The prices of having a university student Stay with you. However, you could possibly assert a charitable contribution deduction for the unreimbursed portion of your expenditures For anyone who is reimbursed only … Read More