INCENTIVES OF CHARITABLE DONATIONS UNDER SECTION 80G

Charitable donations in India are recognized as a worthy act and are encouraged by the government. Under Section 80G of the Income Tax Act, 1961, donors are entitled to certain tax exemptions on their contributions made to eligible trusts. These perks aim to stimulate individuals and organizations to contribute towards the social well-being of the

needless to say, nobody donates to charity just for the tax benefit. But any tax savings can inspire all the more giving—and carrying out very well though executing good holds plenty of attraction. Here are three tax-smart solutions to donate.   Tina Orem can be an editor at NerdWallet. in advance of getting to be an editor, she was NerdWallet