Section 80G � Deduction for Donations

Arnold21 Dec, 2021News

Section 80G of the Income Tax Act lets you claim tax deductions on charitable contributions made in the financial year while filing your Income Tax Returns. This can put you in a lower tax bracket and reduce your tax liabilities. A unique feature of Section 80G is that for a certain number of charities, there is no upper limit to how much contributions can be tax-deductible while filing ITR.