MAXIMIZING YOUR IMPACT : CHARITABLE DONATIONS UNDER SECTION 80G

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

For illustration, you can “bunch” your charitable contributions in just one tax yr, using a donor-recommended fund, to raise the amount of money you donate inside of a high-income yr, then the money can be used to assist charities over time. Or you can make a put together present of appreciated assets and money To maximise your benefits. The l