Embarking on a philanthropic journey offers immense personal satisfaction. While the desire to contribute is commendable, understanding the nuances of tax benefits tied with charitable donations can boost your impact. Section 80G of the Income Tax Act provides a framework for eligible donations benefiting registered charitable organizations. By uti

You may as well carry forward some of your unused deductions in excess of a duration of five years, if they are the results of qualified donations. Did any taxable get together notify the organization that it had been or is a celebration into a prohibited tax shelter transaction? having said that, you will discover a number of guidelines and rule