MAXIMIZE TAX BENEFITS WITH 80G DONATIONS

Securing tax benefits while contributing to worthy causes is a win-win situation. Under India's Income Tax Act, donations made to registered charitable organizations under Section 80G can potentially reduce your tax liability. These generous contributions offer significant financial incentives for individuals who wish to support social progress. By

normally, contributions of extensive-time period capital achieve (LTCG) assets will lead to a deduction equivalent into the fair industry value of the house, issue to the thirty% of AGI limitation. This rule hasn't been influenced with the Tax Cuts and Careers Act (TCJA). LTCG property is defined as assets that might make an extended-expression cap