UNLOCKING THE POWER OF GIVING: A GUIDE TO SECTION 80G DONATIONS

Embarking on a philanthropic journey is profoundly rewarding. While the desire to contribute is commendable, understanding the nuances of tax benefits linked with charitable donations can boost your impact. Section 80G of the Income Tax Act provides a framework for eligible donations made to registered charitable organizations. By harnessing this p

Prior to the passage of The brand new rules over the pandemic, the utmost allowable deduction was limited to 10% of a corporation's taxable income. The law now permits C organizations to apply an Increased company Restrict of 25% of taxable income for charitable contributions of money they may have produced to qualified charities in 2021. But prio