Securing financial benefits through charitable donations is a noble endeavor that fosters responsible wealth management. Under Section 80G of the Income Tax Act, individuals can claim deductions on their income tax returns for contributions made to eligible non-profits. This provision not only minimizes your tax liability but also directs resources… Read More

If you propose on donating element of your respective net worth to charity, a number of strategies Supply you with far more tax, income and estate-scheduling benefits than basically composing a Verify. The regulation now permits electing individuals to apply an increased Restrict ("elevated person Limit"), around one hundred% in their AGI, for qua… Read More