Donations play a pivotal role in supporting various charitable causes and contributing to the societal development. Section 80G of the Indian Income Tax Act provides tax deductions for donations made to eligible organizations. Comprehending the nuances of charity donation tax deduction Section 80G is vital for both donors and recipients, ensuring t
Charitable Donations under Section 80G
Under Indian tax law, Section 80G grants tax advantages to individuals who make charitable contributions to eligible organizations. These donations are reduced against your tax liability, effectively reducing the amount of income tax due. The extent of the deduction depends on the type of organization and the nature of the donation. It's crucial to