section 80g of the income tax act

Section 80g of the Income Tax Act in India gives taxpayers to taxpayers with the possibility of a deduction on donations made to specific charitable corporations. This provision encourages people and companies to deduct the contribution from their taxable income to the people and companies by allowing philanthropy, which reduces their tax legal responsibility. Decertation can range from 50% to 100% of the amount donated, depending on the eligibility of the company. To take advantage of these benefits, donors must receive a receipt and do something that is registered under the business enterprise section 80g. Proper documentation is important to claim this benefit during tax filing.