Give back to causes you care about while reducing your tax burden. Making a contribution to a qualified charity is not only a generous act but can also result in significant tax benefits. By claiming charitable deductions, you can effectively reduce your taxable income and potentially save substantial amount of money. It's important to comprehend t
Understanding Charitable Donations Under Section 80G
Charitable donations in India can greatly reduce your tax liability under Section 80G of the Income Tax Act. This section grants deductions for contributions made to eligible charitable organizations and trusts registered with the government. To entitle these benefits, it is crucial to understand the requirements outlined in Section 80G. Donations