TAX BENEFITS OF CHARITABLE DONATIONS UNDER SECTION 80G

Charitable donations in India are recognized as a noble act and are encouraged by the government. Under Section 80G of the Income Tax Act, 1961, donors are entitled to certain reliefs on their contributions made to eligible institutions. These benefits aim to stimulate individuals and organizations to contribute towards the social well-being of the

Contributions must basically be compensated in cash or other property before the shut of one's tax yr to get deductible, no matter if you utilize the cash or accrual technique. A brief description with the disclosure and substantiation demands for contributions to charitable organizations. area 80G in India pertains to income tax deductions for d