ADVANTAGES OF CHARITABLE DONATIONS UNDER SECTION 80G

Charitable donations in India are recognized as a laudable 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 trusts. These benefits aim to stimulate individuals and organizations to contribute towards the social well-being of the co

Contributions ought to really be compensated in cash or other property before the close of your respective tax Case study year to generally be deductible, whether or not you employ the cash or accrual method. A special limitation applies to specific gifts of extensive-expression capital achieve residence.  A discussion of that Distinctive limita