When exploring charitable contributions, understanding the tax benefits offered under Section 80G can significantly influence your decision-making process. This section of the Income Tax Act provides deductions for donations made to eligible organizations, thereby amplifying the financial impact of your generosity. By carefully selecting recipients… Read More

With payments like membership dues, admission to charity situations, contributions in Trade for merchandise or solutions, the organization must issue a receipt that clearly states the breakdown of what is considered a payment (based on the honest marketplace worth of just what the donor is acquiring) and what is taken into account a tax deductible … Read More