AMPLIFYING YOUR CONTRIBUTIONS: CHARITABLE DONATIONS UNDER SECTION 80G

Securing financial perks through charitable donations is a noble endeavor that promotes responsible wealth management. Under Section 80G of the Income Tax Act, contributors can claim deductions on their income tax returns for contributions made to eligible non-profits. This provision not only lowers your tax liability but also allocates resources t

companies donating food items stock that are qualified for the prevailing enhanced deduction (for contributions for your care with the unwell, needy and infants) may qualify for amplified deduction limits. For contributions built in 2021, the limit for these contribution deductions is enhanced from 15% to 25%. For C firms, the twenty five% Restrict