Charitable giving can make a constructive impact on society. However, many individuals are unaware of the financial benefits available to them when they contribute to eligible institutions. Section 80G of the Indian Income Tax Act is a regulation that offers significant tax relief for donations made to recognized charitable entities. Understandin

Planning your taxes and looking for ways to reduce your tax liability? Donating to charitable organizations is a fantastic way to give back and potentially amplify your return. By making a deductible contribution, you can claim a credit on your tax return, putting more money back in your wallet. Research the different types of charitable organizati

The car's FMV to the day of the contribution. In the event the automobile's FMV was more than your Price or other basis, you might have to lessen the FMV to determine the deductible total, as explained under an outline and estimate of the worth of goods or companies, if any, the Corporation offered in return for the contribution; and Payments to