Securing financial advantages through charitable donations is a noble endeavor that promotes responsible wealth management. Under Section 80G of the Income Tax Act, taxpayers can claim deductions on their income tax returns for contributions made to eligible non-profits. This provision not only reduces your tax liability but also channels resources

Donors can utilize it to verify that a company is tax-exempt and eligible to acquire tax-deductible charitable contributions. You can make donations without the need of focusing on income, and that's by contributing appreciated property such as shares on to a charity. after you donate stocks, you might be exempted from spending money gains tax on