Securing tax benefits while contributing to worthy causes is a win-win situation. Under India's Income Tax Act, donations made to registered charitable organizations under Section 80G can potentially lower your tax liability. These generous contributions offer significant financial incentives for individuals who wish to support social development.
Hence, in this category of donations, the ceiling of ten per cent on the gross full income as diminished by all other deductions beneath Chapter VI-A on the Income Tax Act won't implement. A yr end donation receipt template could be issued to donors which have designed many donations throughout the year to existing them that has a charity donation
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