Securing financial perks through charitable donations is a noble endeavor that encourages 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 non-profits. This provision not only reduces your tax liability but also channels resources

The downside is you gained’t receive any tax deductions throughout your lifetime, as well as the charity won’t get anything until eventually after you die, which could be a few years absent. Doug Whiteman is definitely an award-profitable journalist with a few many years of experience masking particular finance, starting when he was the Washin