UNLOCKING TAX BENEFITS: UNDERSTANDING SECTION 80G CHARITABLE DONATIONS

Charitable donations are a powerful way to support 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 ample deductions for contributions made to eligible non-profits. To optimally harness these tax benefits, it's essential to comprehend the

commonly, contributions of extensive-phrase cash gain (LTCG) house will cause a deduction equal to your reasonable sector price of the residence, subject to the thirty% of AGI limitation. This rule has not been impacted because of the Tax Cuts and Employment Act (TCJA). LTCG home is outlined as home that may create an extended-time period cash get