TAX BENEFITS OF CHARITABLE DONATIONS UNDER SECTION 80G

Charitable donations in India are recognized as a noble 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 charitable organizations. These incentives aim to motivate individuals and organizations to contribute towards the social well

Contributions need to actually be compensated in cash or other residence prior to the close of your respective tax 12 months to get deductible, whether you utilize the cash or accrual method. Set up a technique for monitoring these gifts. normally, this tends to take the method of a independent spreadsheet or Yet another database application that