Embarking on a philanthropic journey offers immense personal satisfaction. While the desire to contribute is commendable, understanding the nuances of tax benefits associated with charitable donations can significantly enhance your impact. Section 80G of the Income Tax Act provides a framework for eligible donations made to registered charitable or

The exclusion of the QCD from income operates in the exact same way FAQs as being a tax deduction to make savings equivalent to your tax usually due on the level of the charitable donation. Because the securities are donated directly to the public charity, the taxpayer does not incur extensive-term capital gains taxes as they might if the security