Charitable giving is a noble act that can greatly impact the lives of others. However, savvy donors understand the importance of making their contributions effectively. By leveraging Section 80G benefits, you can not only contribute to worthy causes but also lower your tax liability. This section of the Indian Income Tax Act provides financial ince… Read More

Give back to your neighborhood and decrease your tax burden this year by making generous donations. A donation to a legitimate charity is not only a kind gesture but also a smart financial move. When you give to a charity, you can potentially lower your taxable income, resulting in a larger tax refund. Think about making a donation to a cause that … Read More

The motor vehicle's FMV to the date of the contribution. In the event the car's FMV was more than your Charge or other basis, you may have to decrease the FMV to determine the deductible amount, as explained below The donation built to a fund or institution shall be authorized as deduction Top tools provided that these fund or establishment is eit… Read More