Securing financial advantages through charitable donations is a noble endeavor that promotes responsible wealth management. Under Section 80G of the Income Tax Act, individuals can claim deductions on their income tax returns for contributions made to eligible organizations . This provision not only reduces your tax liability but also directs resou

There remain a handful of techniques to acquire a tax break, particularly if you are older and generating essential minimal distributions (RMDs) from your standard IRA. But You will need to strategy forward. Budget 2023 delivered that donations designed to the next resources will not be suitable for any deductions below 80G: two) Kidney donation