CLAIM TAX BENEFITS WITH 80G DONATIONS

Securing tax benefits while contributing to worthy causes is a win-win situation. Under India's Income Tax Act, donations made to registered charitable organizations under Section 80G can potentially lower your tax liability. These generous contributions offer significant financial incentives for individuals who wish to support social progress. By

Generally, contributions of lengthy-expression capital acquire (LTCG) property will end in a deduction equal into the fair industry value of the property, issue to your thirty% of AGI limitation. This rule hasn't been influenced with the Tax Cuts and Employment Act (TCJA). LTCG property is outlined as assets that would create an extended-phrase fun