Charitable donations in India are recognized as a worthy act and are encouraged by the government. Under Section 80G of the Income Tax Act, 1961, donors are entitled to certain deductions on their contributions made to eligible charitable organizations. These benefits aim to motivate individuals and organizations to contribute towards the social we

for instance, leaving an IRA to charity and appreciated securities to persons may possibly allow for your heirs to inherit extra because of the dissimilarities between how these assets are taxed. Additionally, in the event you itemize deductions, You might also take a charitable deduction for the fair marketplace worth of the asset when it had bee