MAXIMIZING YOUR IMPACT: UNDERSTANDING CHARITABLE DONATIONS UNDER SECTION 80G

Embarking on a philanthropic journey offers immense personal satisfaction. While the desire to contribute is commendable, understanding the nuances of tax benefits tied with charitable donations can amplify your impact. Section 80G of the Income Tax Act provides a framework for eligible donations directed towards registered charitable organizations

just before the passage of The brand new legal guidelines over the pandemic, the utmost allowable deduction was restricted to 10% of an organization's taxable income. The legislation now permits C organizations to apply an elevated company Restrict of twenty five% of taxable income for charitable contributions of cash they've manufactured to qualif