UNLOCKING TAX BENEFITS: UNDERSTANDING SECTION 80G CHARITABLE DONATIONS

Charitable donations are a powerful way to contribute causes you care about. But did you know that these contributions can also bring significant tax benefits? In India, Section 80G of the Income Tax Act provides numerous deductions for contributions made to eligible non-profits. To optimally harness these tax benefits, it's crucial to understand

The automobile's FMV over the date from the contribution. In case the car's FMV was a lot more than your Price or other basis, you may have to lessen the FMV to figure the deductible volume, as described beneath You own a vacation house for the beach and occasionally rent it to Other people. For a fundraising auction at church, you donated the ide