Section 80G of the Indian Income Tax Act provides valuable advantages to taxpayers who give to eligible charitable causes. This section allows for a substantial tax deduction on donations made, making it a win-win situation for both the giver and the recipient. To effectively utilize this benefit, you should grasp the various criteria laid down … Read More

For non-hard cash donations, there are Exclusive regulations that implement. These surround the honest current market value of the donated merchandise at the time with the donation. Beneficiaries can stretch distributions only approximately a decade right before total distribution and tax payments are needed, which ten-yr timeframe also … Read More