MAXIMIZING YOUR IMPACT : CHARITABLE DONATIONS UNDER SECTION 80G

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

“It’s like getting a pension,” states Simasko. “They’ll pay you a hard and fast, predictable income stream for the rest of your life. as soon as you die, something leftover stays Together with the charity.” The amount of income depends upon the charity, the scale of the reward and your age—the older that you are, the higher the paymen