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 made

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The exclusion of the QCD from income operates in the exact same way being a tax deduction to create savings equal to your tax normally due on the level of the charitable donation. This article was composed by and presents the views of our contributing adviser, not the Kiplinger editorial staff memb