Securing financial advantages 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 charities . This provision not only minimizes your tax liability but also channels resour… Read More

corporations donating foodstuff inventory which are qualified for the present Improved deduction (for contributions for the treatment with the sick, needy and infants) may well qualify for enhanced deduction limits. For contributions created in 2021, the Restrict for these contribution deductions is enhanced from fifteen% to 25%. For C organization… Read More