UNLOCKING THE POWER OF GIVING: A GUIDE TO SECTION 80G DONATIONS

Embarking on a philanthropic journey is profoundly rewarding. While the desire to contribute is commendable, understanding the nuances of tax benefits linked with charitable donations can amplify your impact. Section 80G of the Income Tax Act provides a framework for eligible donations made to registered charitable organizations. By harnessing this

as a way to claim the deductions, you need to itemize deductions on your own taxes instead of claiming the common deduction. If you decide on to go this route, make certain you keep the donation receipts. Time (not allowed): in case you volunteer, you cannot deduct the value of your time. you might deduct the price of your transportation to volunt