Securing financial perks through charitable donations is a noble endeavor that encourages responsible wealth management. Under Section 80G of the Income Tax Act, taxpayers can claim deductions on their income tax returns for contributions made to eligible organizations . This provision not only lowers your tax liability but also channels resources … Read More

enterprises donating food items inventory which are eligible for the prevailing enhanced deduction (for contributions for your care from the ill, needy and infants) may qualify for improved deduction limits. For contributions produced in 2021, the limit for these contribution deductions is greater from fifteen% to 25%. For C companies, the twenty f… Read More