AMPLIFYING YOUR GENEROSITY: SECTION 80G AND CHARITABLE CONTRIBUTIONS

Embarking on a philanthropic journey can be fulfilling. While the desire to contribute is commendable, understanding the nuances of tax benefits linked with charitable donations can amplify your impact. Section 80G of the Income Tax Act provides a framework for eligible donations directed towards registered charitable organizations. By leveraging t

 Your full contribution is deductible from the 12 months you give, and you can distribute out your donations to charities you choose in potential years.  So, a gift straight to a relative or other specific will never qualify for the tax deduction. Donations to non-public crowdfunding campaigns, like by GoFundMe, also will likely not qualify, as