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 minimize your tax liability. These generous contributions offer significant financial incentives for individuals who wish to support social progress.
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The donation ought to be made only to specified resources / institutions. No deduction shall be allowed below this area in regard of donation of any sum exceeding Rs. two,000 Except if these types of sum is paid out by any method aside from cash. For availing deduction underneath this segment it's compulsory around the Element of the assessee to su
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