Donations to charitable causes are a laudable act. In India, these donations are exempt from tax under Section 80G of the Income Tax Act, 1961. This section establishes rules for claiming this deduction. To facilitate that your donations qualify for tax benefits under Section 80G, it is crucial to confirm the status of the charity with the concern

Charitable giving is a noble act that can significantly impact organizations you care about. In India, Section 80G of the Income Tax Act provides a valuable incentive for donors by offering tax benefits on contributions made to eligible charitable organizations. Understanding the nuances of Section 80G donations can empower you to maximize your cha

I volunteer as being a crimson Cross nurse's aide in a clinic. Can I deduct the cost of the uniforms I need to put on? In case the point out or local tax credit you get or anticipate to acquire doesn’t exceed fifteen% of your payment volume or fifteen% with the FMV in the transferred assets, then your charitable contribution deduction isn’t lo