Embarking on a philanthropic journey is profoundly rewarding. While the desire to contribute is commendable, understanding the nuances of tax benefits tied with charitable donations can boost your impact. Section 80G of the Income Tax Act provides a framework for eligible donations benefiting registered charitable organizations. By leveraging this

There’s another class: certain governmental entities that qualify as tax-exempt entities suitable to receive deductible contributions. A charitable lead trust (CLT) is an irrevocable believe in that makes payments to one or more charities for just a period of time and transfers the remainder interest to noncharitable beneficiaries, one example i