AMPLIFYING YOUR GENEROSITY: SECTION 80G AND CHARITABLE CONTRIBUTIONS

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

The legislation now permits people today to apply an elevated Restrict, approximately one hundred% of their AGI, for qualified contributions designed in the course of calendar-yr 2021. certified contributions are contributions manufactured in income to qualifying charitable organizations. If you’re seeking methods to offset a substantial-income