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 minimize your tax liability. These generous contributions offer significant financial incentives for individuals who wish to support social progress.

Generally, contributions of extended-expression money obtain (LTCG) residence will bring about a deduction equivalent to your fair industry price of the residence, subject to the 30% of AGI limitation. This rule hasn't been impacted via the Tax Cuts and Work opportunities Act (TCJA). LTCG residence is defined as property that would create a lengthy