Securing financial benefits 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 lowers your tax liability but also channels resourc

Businesses donating food items stock which have been eligible for the prevailing Improved deduction (for contributions with the care in the ill, needy and infants) could qualify for increased deduction restrictions. For contributions made in 2021, the Restrict for these contribution deductions is elevated from 15% to twenty five%. For C organizatio