When you contribute to non-profit organizations in India, you not only make a positive impact on society but also gain potential tax advantages. 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 relief, it's crucial
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"That will assist you to reduce your taxable income," states Ed Slott, a CPA who educates fiscal advisers on IRA and retirement setting up procedures. You may as well claim a charitable deduction, assuming you could itemize during the yr you donate. WASHINGTON — The Internal earnings services today described how expanded tax benefits might help