Charitable donations are a meaningful way to contribute causes you care about. But did you know that these contributions can also bring significant tax benefits? In India, Section 80G of the Income Tax Act provides numerous deductions for gifts made to eligible non-profits. To optimally utilize these tax benefits, it's important to comprehend the… Read More

You can use Worksheet 2 if you built charitable contributions in the course of the yr, and a number of of the limits explained in this publication underneath Should the point out or community tax credit you get or count on to receive doesn’t exceed 15% of the payment sum or 15% with the FMV of the transferred property, then your charitable contr… Read More