Donations towards charitable causes have the potential to be a praiseworthy act. In India, these kinds of donations may be tax-deductible under Section 80G of the Income Tax Act, 1961. This section lays parameters about availing this deduction. In order to facilitate that your donations are tax benefits under Section 80G, it is imperative to check
Tax Deductions for Philanthropic Contributions under Section 80G
Under Indian tax law, Section 80G grants deductible benefits to individuals who make philanthropic gifts to eligible organizations. These gifts are deducted from your taxable income, effectively reducing the amount of tax you owe. The extent of the deduction depends on the type of organization and the nature of the donation. It's crucial to note th