INCENTIVES OF CHARITABLE DONATIONS UNDER SECTION 80G

Charitable donations in India are recognized as a laudable 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 trusts. These perks aim to stimulate individuals and organizations to contribute towards the social well-being of th

Deduction beneath part 80G is allowed to all assessees except all those who have endured an income (or reduction) from a company or profession. A special limitation applies to sure gifts of extended-time period funds achieve residence.  A dialogue of that Unique limitation may very well be located in Publication 526, Charitable Contributions PD