Securing tax benefits while contributing to worthy causes is a win-win situation. Under India's Income Tax Act, donations made to registered charitable organizations under Section 80G can potentially reduce your tax liability. These generous contributions offer significant financial incentives for individuals who wish to support social progress. By
The qualifying limits u/s 80G is 10% of the altered gross complete income. The limit should be to be placed on the altered gross complete income. The ‘modified gross total income’ for this intent is definitely the gross full income (i.e. the sub complete of income underneath numerous heads) minimized by the following: We can enhance the charge
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