TAX BENEFITS 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 perks aim to encourage individuals and organizations to contribute towards the social well-being of the count

This entry information the non-cash donation to a professional charitable Corporation. The donation is produced up of residence, including items, expert services, or other assets, and is considered deductible by The inner Revenue provider. To qualify with the deduction, the donation should be built to a professional charitable Firm. , again in Mar