TAX BENEFITS OF CHARITABLE DONATIONS UNDER SECTION 80G

Charitable donations in India are recognized as a laudable act and are encouraged by the government. Under Section 80G of the Income Tax Act, 1961, donors are entitled to certain deductions on their contributions made to eligible charitable organizations. These perks aim to encourage individuals and organizations to contribute towards the social we

Charitable remainder trusts are irrevocable trusts that permit you to donate property to charity and attract annual income for life or for a certain period of time. so as to declare the deductions, you have to itemize deductions in your taxes in place of claiming the regular deduction. If you end up picking to go this route, make sure you keep the