Charitable giving is a noble act that can significantly impact the lives of others. However, savvy donors understand the importance of making their contributions strategically. By leveraging Section 80G benefits, you can not only support worthy causes but also reduce your tax liability. This section of the Indian Income Tax Act provides financial i
Tax Benefits from Charitable Giving under Section 80G
Under Indian tax law, Section 80G grants tax advantages to individuals who make philanthropic gifts to eligible organizations. These contributions are reduced against your tax liability, effectively reducing the amount of income tax due. The extent of the deduction depends on the type of organization and the nature of the donation. It's crucial to