Donation under 80g
February 16, 2023 ⚊ 1 Min read ⚊ Views 69 ⚊ BLOGDonating to a charity of your choice is not only a rewarding experience, but it can also be beneficial for tax purposes. The income tax act, 1961 allows for donation deductions under section 80g of the act. Under this section, donations made to eligible charitable institutions and organizations are deducted from taxes up to 50% or 100%, depending on the amount donated.
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Tags: 80G, 80g income tax, Section 80G