EXPLOITING TAX BENEFITS FOR CHARITABLE DONATIONS UNDER SECTION 80G

Section 80G of the Indian Income Tax Act provides valuable advantages to taxpayers who give to eligible charitable causes. This clause allows for a substantial tax relief on donations made, making it a win-win situation for both the donor and the recipient. To successfully utilize this scheme, it's comprehend the various criteria laid down by the I

nevertheless, When the charity sells the vehicle at a major discount to some needy individual, or keeps the car for its possess use, then you can claim a deduction for its reasonable marketplace benefit. A study done by Fidelity Charitable located that about sixty seven% of donors stated they necessary to be far more sure a couple of charity’s t