MAXIMIZING YOUR IMPACT: CHARITABLE DONATIONS UNDER SECTION 80G

When considering charitable contributions, understanding the tax benefits offered under Section 80G can significantly influence your decision-making process. This section of the Income Tax Act provides deductions for donations made to eligible organizations, thereby boosting the financial impact of your generosity. By carefully selecting recipients

With payments like membership dues, admission to charity gatherings, contributions in exchange for merchandise or companies, the organization will have to issue a receipt that clearly states the breakdown of what is taken into account a payment (based on the reasonable industry value of just what the donor is obtaining) and what is taken into accou