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 lower your tax liability. This section of the Indian Income Tax Act provides tax deductio
Tax Deductions for Philanthropic Contributions under Section 80G
Under Indian tax law, Section 80G grants deductible benefits to individuals who make charitable contributions to eligible organizations. These gifts are deducted from your taxable income, effectively reducing the amount of taxes payable. The extent of the deduction depends on the type of organization and the nature of the contribution. It's crucial