Charitable giving is a noble act that can greatly impact the lives of others. However, savvy donors understand the value of making their contributions efficiently. By leveraging Section 80G benefits, you can not only support worthy causes but also reduce your tax liability. This section of the Indian Income Tax Act provides fiscal benefits for dona

The yearly degree of allowable charitable deductions may be capped based on your modified gross income (AGI) with the year. This limit varies based on the nature of contributed assets. For 2023, you'll be able to deduct contributions to community charities, e. For retirees looking to go away an inheritance to the spouse or loved ones, it might be