Securing financial benefits through charitable donations is a noble endeavor that fosters 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 charities . This provision not only reduces your tax liability but also directs resources to… Read More

by utilizing the appropriate tax arranging approaches, charitable contributions can lower three styles of federal taxes: income, capital gains and estate taxes. It’s that time of calendar year when taxpayers are thinking about how they wish to give back again, and many taxpayers will need to donate to the charity Meaning anything to them. The IR… Read More