Donations play a pivotal role in supporting various charitable causes and contributing to the societal advancement. Section 80G of the Indian Income Tax Act provides tax deductions for donations made to eligible organizations. Comprehending the nuances of Section 80G is vital for both donors and recipients, ensuring transparency in charitable givin
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Charitable trusts and foundations supply An array of options for people and family members in search of to amplify their philanthropic effects even though reducing tax liabilities. Two crucial methods During this regard are Grantor Retained Annuity Trusts (GRATs) and Private relatives Foundations, which can provide substantial tax benefits even tho