LEVERAGING TAX BENEFITS FOR CHARITABLE DONATIONS UNDER SECTION 80G

Section 80G of the Indian Income Tax Act provides valuable incentives to taxpayers who give to eligible charitable institutes. This section allows for a significant tax reduction on donations made, making it a win-win situation for both the giver and the beneficiary. To effectively utilize this benefit, it's understand the various criteria laid dow

figure out the expense of your asset based available on the market cost of similar or similar assets. utilize the donor’s estimation if you can’t obtain these. It’s important to employ an inside policy for donated products along with make a donor receipt system for noncash contributions. When accounting for donations to nonprofit companies,