Charitable donations in India are recognized as a worthy act and are encouraged by the government. Under Section 80G of the Income Tax Act, 1961, donors are entitled to certain tax exemptions on their contributions made to eligible trusts. These incentives aim to stimulate individuals and organizations to contribute towards the social well-being of

A thirty% AGI ceiling also relates to non-funds gifts of capital obtain residence held to get a calendar year or longer. commonly, deductible contributions that exceed a 12 months’s AGI ceiling, may be carried forward for the next 5 years, subject to relevant AGI limits inside the calendar year claimed. precisely what is a Charitable Donation? A