ADVANTAGES OF CHARITABLE DONATIONS UNDER SECTION 80G

Charitable donations in India are recognized as a worthy act and are encouraged by the government. Under Section 80G of the Income Tax Act, 1961, donors are entitled to certain tax exemptions on their contributions made to eligible charitable organizations. These benefits aim to stimulate individuals and organizations to contribute towards the soci

Charitable remainder trusts are irrevocable trusts that permit you to donate assets to charity and draw once-a-year income for life or for a specific time frame. On top of that, for those who itemize deductions, You may additionally take a charitable deduction for that good marketplace worth of the asset when it had been donated, up to of thirty%