ELEVATING YOUR GIVING : CHARITABLE DONATIONS UNDER SECTION 80G

Securing financial advantages through charitable donations is a noble endeavor that fosters 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 charities . This provision not only lowers your tax liability but also directs resources to

companies donating foods stock that happen to be qualified for the prevailing enhanced deduction (for contributions for your treatment from the ill, needy and infants) may qualify for enhanced deduction restrictions. For contributions made in 2021, the limit for these contribution deductions is greater from fifteen% to twenty five%. For C firms, th