Charitable giving is a noble act that can materially impact the lives of others. However, savvy donors understand the value of making their contributions strategically. By leveraging Section 80G benefits, you can not only support worthy causes but also minimize your tax liability. This section of the Indian Income Tax Act provides financial incenti
Charitable Donations under Section 80G
Under Indian tax law, Section 80G grants tax advantages to individuals who make philanthropic gifts to eligible organizations. These gifts are reduced against your tax liability, effectively reducing the amount of tax you owe. The extent of the deduction depends on the type of organization and the nature of the gift. It's crucial to note that only