Tag: tax savings
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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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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…