When you contribute to philanthropic organizations in India, you not only make a meaningful impact on society but also gain potential tax benefits. This is where Section 80G of the Indian Income Tax Act comes into play. It allows for deductions on your taxable income when you donate to registered institutions. To maximize your tax savings, it's cru

The grantor receives a tax deduction to the current value of the income stream donated to charity, and might get rid of hugely appreciated belongings through the estate and transfer assets to heirs with none reward or estate tax repercussions. obtain a receipt or some sort of penned acknowledgement through the charity and keep a cancelled Verify o