Charitable giving can make a positive impact on society. However, many individuals are unaware of the financial benefits available to them when they contribute to eligible institutions. Section 80G of the Indian Income Tax Act is a clause that offers significant tax reductions for donations made to approved charitable bodies. Understanding this s
This Day marks a special time for giving. Remember in solidarity and make a difference. Every act of kindness, no matter how minor, can have a significant impact on the lives of others in our communities. Think about contributing to your favorite causes. You can also lend your time to make a hands-on difference. Together, we can foster a more supp
usually, contributions of prolonged-phrase money gain (LTCG) assets will lead to a deduction equal into the truthful industry value of the home, subject to a 30% of AGI limitation. This rule has not been impacted by the Tax Cuts and Work opportunities Act (TCJA). LTCG assets is outlined as house charity to donate car that could generate a protracte