80g exemption

Section 80g of the Income Tax Act in India gives tax deduction to people and institutions for donations to accurate charitable corporations. This provision encourages taxpayers to deduct their donation by one percent cut in their donations, effectively reduces their tax liability. The eligibility for deduction varies depending on the character and type of charity of the organization. To take advantage of this benefit, donors must ensure that the recipients have a valid 80g certification, for this reason, promote transparency and agree with charitable contribution.