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

This substantially minimized the quantity of itemized filers (by some estimates from 40% to 11%), which reduced the inducement to help make charitable donations (but you continue to really should, as you’re a very good individual and things). On the subject of staying arranged with donation monitoring, receipts, and payment data, it’s es… Read More