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

Donors can utilize it to substantiate that a company is tax-exempt and qualified to get tax-deductible charitable contributions. Additionally, in the event you itemize deductions, You might also take a charitable deduction to the good marketplace worth of the asset when it was donated, as much as of 30% of the AGI. just like money donations, You w