Charitable giving can make a positive impact on society. However, many individuals are unaware of the deductible advantages available to them when they contribute to eligible causes. Section 80G of the Indian Income Tax Act is a clause that offers significant tax exemptions for donations made to approved charitable bodies. Understanding this rule

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should you designed a contribution being an automatic deduction from the paycheck as a result of your employer, continue to keep copies of your W-2 or pay back stubs exhibiting the quantity and date of your respective donation. Kemberley Washington is often a tax journalist and delivers consumer-friendly tax guidelines for people and organizations