How to Make the Most of an 80g
80g refers to Section 80g of the Income Tax Act in India, which provides tax benefits for donations made to specified charitable organizations. Under this section, individuals and companies can claim deductions on their taxable income for donations made to eligible institutions. The purpose of 80g is to encourage philanthropy and support social causes by providing tax incentives. Donors can contribute to various sectors like education, healthcare, relief funds, and more, and receive deductions based on the amount donated.
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