Securing tax benefits while contributing to worthy causes is a win-win situation. Under India's Income Tax Act, donations made to registered charitable organizations under Section 80G can potentially reduce your tax liability. These generous contributions offer significant financial incentives for individuals who wish to support social development.
The qualifying limits u/s 80G is 10% from the adjusted gross total income. The limit is to be Comparison applied to the adjusted gross complete income. The ‘modified gross full income’ for this function would be the gross whole income (i.e. the sub complete of income under various heads) decreased by the subsequent: Sums paid into a analysis C
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