Category: Tax Saving
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10 FAQs on tax savings and 80G deduction on your charitable donations
IN India’s philanthropic landscape, great change happens when compassionate individuals and trailblazing NGOs come together. At the heart of this relationship is the desire to make the world a better place. In addition to this noble endeavour is also the ability of citizens to contribute to social causes while enjoying substantial tax benefits in the…
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Smart giving: 80G deduction can maximize the impact of donations
IN the realm of philanthropy, an 80G deduction is an example of the desire to make a positive impact coupled with the practical consideration of financial implications. Donors seek ways to contribute meaningfully while also optimizing their financial resources. A powerful tool that aligns both the altruistic and pragmatic aspects of giving is the 80G…
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Unlock the tax benefits with 80G tax deduction
ARE you aware of an 80G deduction and its significant tax benefits while supporting NGOs and their noble causes? This comprehensive guide will delve into the intricacies of Section 80G of the Income Tax Act, 1961, and how it can serve as a powerful tool for reducing your taxable income while contributing to society. Understanding…
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Understanding 80G and the impact of donations
DONATING to NGOs not only serves as a noble act of philanthropy but also offers significant benefits to donors. The Indian government encourages donations by providing tax incentives to individuals and corporations under Section 80G of the Income Tax Act. This provision allows donors to claim tax deductions on their contributions, making it a win-win…