When you contribute to non-profit organizations in India, you not only make a meaningful impact on society but also gain potential tax perks. This is where Section 80G of the Indian Income Tax Act comes into play. It allows for deductions on your taxable income when … Read More

Your deduction equals the worth with the contributed assets reduced from the existing value of the annuity. This charitable deduction is subject matter to AGI limitations ceilings, but excess deductions are permitted a 5-yr carryover. Combining more than one form of asset might be a tax-efficient transfer To optimize the amount you can t… Read More