Charitable donations in India are recognized as a worthy act and are encouraged by the government. Under Section 80G of the Income Tax Act, 1961, donors are entitled to certain tax exemptions on their contributions made to eligible institutions. These incentives aim to encourage individuals and organizations to contribute towards the social well… Read More

For illustration, you are able to “bunch” your charitable contributions in just one tax 12 months, utilizing a donor-advised fund, to raise the sum you donate in a large-income calendar year, and afterwards the funds can be utilized to support charities after some time. Or you may make a combined gift of appreciated belongings and money To opti… Read More