Securing financial advantages through charitable donations is a noble endeavor that encourages responsible wealth management. Under Section 80G of the Income Tax Act, taxpayers can claim deductions on their income tax returns for contributions made to eligible non-profits. This provision not only reduces your tax liability but also directs resource

Businesses donating foodstuff stock which are suitable for the prevailing Increased deduction (for contributions for your treatment with the unwell, needy and infants) may perhaps qualify for amplified deduction limits. For contributions designed in 2021, the Restrict for these Benefits contribution deductions is increased from fifteen% to twenty f