Securing tax benefits while contributing to worthy causes donation to charity receipt is a win-win situation. Under India's Income Tax Act, donations made to registered charitable organizations under Section 80G can potentially minimize your tax liability. These generous contributions offer significant financial incentives for individuals who wish
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The qualifying limits u/s 80G is ten% from the adjusted gross full income. The limit should be to be placed on the altered gross complete income. The ‘modified gross full income’ for this goal is definitely the gross complete income (i.e. the sub overall of income beneath several heads) lowered by the next: Duly stamped receipt: it's imperativ