When you contribute to charitable organizations in India, you not only make a positive impact on society but also gain potential tax perks. This is where Section 80G of the Indian Income Tax Act comes into play. It allows for deductions on your taxable income when you donate to eligible institutions. To maximize your tax reductions, it's crucial to… Read More

commonly, itemizing is preferable only if your complete itemized deductions for just a calendar year exceed the amount of the normal deduction. Taxpayers who itemize can normally assert a deduction for charitable contributions to qualifying companies. The deduction is often limited to 20% to sixty% in their altered gross income and may differ depe… Read More