UNLOCKING TAX BENEFITS: UNDERSTANDING SECTION 80G CHARITABLE DONATIONS

Charitable donations are a significant way to contribute causes you care about. But did you know that these contributions can also bring significant tax benefits? In India, Section 80G of the Income Tax Act provides ample deductions for contributions made to eligible charities. To fully harness these tax benefits, it's essential to comprehend the

For each group of contributions, you deduct carryover contributions only right after deducting all allowable contributions in that category for The present year. In case you have carryovers from 2 or maybe more prior yrs, use the carryover from the earlier year first. If contributions are made by payroll deduction, the deduction from Every single