MAXIMIZING YOUR IMPACT : CHARITABLE DONATIONS UNDER SECTION 80G

Securing financial perks through charitable donations is a noble endeavor that fosters responsible wealth management. Under Section 80G of the Income Tax Act, taxpayers can claim deductions on their income tax returns for contributions made to eligible charities . This provision not only reduces your tax liability but also allocates resources to ca

“It’s like acquiring a pension,” states Simasko. “They’ll pay back you a fixed, predictable income stream For the remainder of your lifetime. when you die, just about anything leftover stays Along with the charity.” the quantity of income relies on the charity, the dimensions of your reward as well as your age—the more mature you're,