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 significantly enhance your impact. Section 80G of the Income Tax Act provides a framework for eligibl

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Briefly, “supplying period” at 12 months-conclusion need to become “contribution year.” with this particular strategy, donors would search To optimize the tax benefits of a charitable contribution at yr-close whilst arranging for and pursuing options to recommend grants all year extensive. Itemized