Charitable giving can make a constructive impact on society. However, many individuals are unaware of the tax incentives available to them when they contribute to eligible organizations. Section 80G of the Indian Income Tax Act is a clause that offers significant tax exemptions for donations made to approved charitable entities. Understanding thi

previous to the passage of The brand new laws during the pandemic, the utmost allowable deduction was limited to ten% of a corporation's taxable income. The law now permits C businesses to use a heightened company Limit of twenty five% of taxable income for charitable contributions of cash they've got designed to qualified charities in 2021. no ma