MAXIMIZING YOUR IMPACT : CHARITABLE DONATIONS UNDER SECTION 80G

Securing financial perks through charitable donations is a noble endeavor that encourages responsible wealth management. Under Section 80G of the Income Tax Act, taxpayers 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

For example, you are able to “bunch” your charitable contributions in just one tax calendar year, utilizing a donor-recommended fund, to improve the volume you donate within a higher-income calendar year, and then the resources can be utilized to assistance charities after some time. Or you can also make a combined reward of appreciated propert