MAXIMIZING YOUR IMPACT: UNDERSTANDING CHARITABLE DONATIONS UNDER SECTION 80G

Embarking on a philanthropic journey offers immense personal satisfaction. While the desire to contribute is commendable, understanding the nuances of tax benefits tied with charitable donations can boost your impact. Section 80G of the Income Tax Act provides a framework for eligible donations directed towards registered charitable organizations.

generally, contributions that you have forward are subject matter to exactly the same restrictions because the yr These are designed. For example, cash contributions that fall under the 60% Restrict from the donation calendar year are still matter to your sixty% limit while in the calendar year They are really carried over to. regardless of whethe