ELEVATING YOUR GIVING : 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, contributors can claim deductions on their income tax returns for contributions made to eligible charities . This provision not only lowers your tax liability but also directs resources to ca

companies donating food stock that are suitable for the prevailing Improved deduction (for contributions for the care on the unwell, needy and infants) may possibly qualify for elevated deduction restrictions. For contributions manufactured in 2021, the limit for these contribution deductions is increased from 15% to 25%. For C corporations, the tw