Charitable donations are a powerful way to give back causes you care about. But did you know that these contributions can also bring significant tax benefits? In India, Section 80G of the Income Tax Act provides numerous deductions for contributions made to eligible organizations. To fully utilize these tax benefits, it's essential to comprehend
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Generally, itemizers can deduct twenty% to 60% of their adjusted gross income for charitable donations. The exact percentage depends on the sort of certified contribution together with the charity or Corporation. Contributions that exceed the Restrict may be deductible in future several years. when you've chose to give to charity, take into consid