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

should you donate assets besides cash to a qualified organization, you may commonly deduct the fair current market price of the property.  If the property has appreciated in benefit, nonetheless, some adjustments can have for being created. men and women might deduct experienced contributions of up to one hundred pc in their modified gross income