Section 80G of the Indian Income Tax Act provides valuable incentives to individuals who contribute to eligible charitable institutes. This provision allows for a substantial tax deduction on donations made, making it a win-win situation for both the giver and the beneficiary. To effectively utilize this benefit, it's comprehend the various criteri

You can not “double dip” with QCDs, however: the quantity excluded from income as a QCD can not be claimed as an itemized deduction. To get a charitable donation tax deduction, your donations and also other itemized deductions ought to exceed the conventional deduction. Allow me to share the common deductions for 2023 to provide you with an no