MAXIMIZING YOUR IMPACT : 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, individuals can claim deductions on their income tax returns for contributions made to eligible charities . This provision not only minimizes your tax liability but also directs resource

enterprises donating food stuff stock which can be eligible for the prevailing Improved deduction (for contributions for the care on the sick, needy and infants) may possibly qualify for enhanced deduction restrictions. For contributions manufactured in 2021, the Restrict for these contribution deductions is amplified from 15% to twenty five%. For