UNLOCKING PHILANTHROPIC POTENTIAL UNDER SECTION 80G

Securing your financial future while contributing to societal well-being is a noble aspiration. Gifts under Section 80G of the Income Tax Act empower individuals to achieve just that. This provision offers generous tax benefits, allowing you to reduce your tax liability while advancing worthy causes. Understanding the intricacies of Section 80G can

The downside is you won’t get any tax deductions during your life time, and also the charity gained’t get something until When you die, which might be many years absent. Contributions of appreciated funds attain assets are usually capped at thirty% of your AGI when they're made to qualifying businesses and twenty% of your AGI in the situation