UNLOCKING PHILANTHROPIC POTENTIAL UNDER SECTION 80G

Securing your financial future while contributing to societal well-being is a noble aspiration. Gifts under Section 80G of the Income Tax Act empower individuals to achieve just that. This provision offers generous tax benefits, allowing you to minimize your tax liability while advancing worthy causes. Understanding the intricacies of Section 80G c

The once-a-year number of allowable charitable deductions can be capped based on your modified gross income (AGI) for that 12 months. This limit varies according to the character of contributed property. For 2023, it is possible to deduct contributions to public charities, e. greatest for earning a considerable donation, at the very least 6 figure