INCENTIVES OF CHARITABLE DONATIONS UNDER SECTION 80G

Charitable donations in India are recognized as a laudable act and are encouraged by the government. Under Section 80G of the Income Tax Act, 1961, donors are entitled to certain tax exemptions on their contributions made to eligible trusts. These incentives aim to stimulate individuals and organizations to contribute towards the social well-being

The IRS has penned a comprehensive guideline on gift substantiation. many of the agency’s rules include things like: A Exclusive limitation relates to particular gifts of extensive-time period money attain home.  A discussion of that Specific limitation can be located in Publication 526, Charitable Contributions PDF. Indian citizen possibil