When you contribute to philanthropic organizations in India, you not only make a positive impact on society but also gain potential tax benefits. This is where Section 80G of the Indian Income Tax Act comes into play. It allows for deductions on your taxable income when you donate to eligible institutions. To maximize your tax reductions, it's cruc
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In possibly situation, it’s crucial to note that income contributions to most charitable corporations qualify, but funds contributions manufactured both to supporting companies or to establish or retain a donor encouraged fund, tend not to. Nor do funds contributions to private foundations and most funds contributions to charitable remainder trus