TAX BENEFITS OF CHARITABLE DONATIONS UNDER SECTION 80G

Charitable donations in India are recognized as a noble act and are encouraged by the government. Under Section 80G of the Income Tax Act, 1961, donors are entitled to certain deductions on their contributions made to eligible institutions. These incentives aim to motivate individuals and organizations to contribute towards the social well-being of

 Your overall contribution is deductible within the yr you give, and you will distribute out your donations to charities you choose in long term several years.  On top of that, you may deduct the truthful current market price of the assets at time with the donation, presented you’ve held them for over a 12 months. ” even though the concept