Understanding Charitable Donations under Section 80G

Charitable contributions are a vital aspect of community well-being. In India, Section 80G of the Income Tax Act provides taxincentives for donations made to eligible charitable organizations. This provision aims to encourage philanthropy and assist non-profit institutions in their endeavors. To avail these tax breaks, it is essential to understand

read more

donation for income tax for Dummies

What exactly are "Quid Professional Quo" Contributions "Quid Professional quo” donations are These for which the donor receives an economic benefit such as products or providers in return for the reward. as an instance a donor receives a T-shirt in return for the donation. Whether that’s tithing to your neighborhood church, giving to the chari

read more