MAXIMIZING YOUR IMPACT : CHARITABLE DONATIONS UNDER SECTION 80G

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

firms donating food stuff inventory which have been eligible for the existing Increased deduction (for contributions for that care of your sick, needy and infants) may qualify for increased deduction boundaries. For contributions made in 2021, the limit for these contribution deductions is elevated from 15% to 25%. For C organizations, the twenty f