MAXIMIZING YOUR IMPACT: CHARITABLE DONATIONS UNDER SECTION 80G

When exploring charitable contributions, understanding the tax benefits offered under Section 80G can significantly affect your decision-making process. This section of the Income Tax Act provides deductions for donations made to eligible organizations, thereby boosting the financial impact of your generosity. By carefully selecting recipients and

And the issue of restricted funds provides distinctive bookkeeping and accounting issues for your nonprofit that a for-earnings company doesn’t facial area. After earning a donation to a charitable Group, request an acknowledgment letter from the charity to help keep coupled with your other records of the donation. When merchandise are offered