Embarking on a philanthropic journey offers immense personal satisfaction. While the desire to contribute is commendable, understanding the nuances of tax benefits tied with charitable donations can amplify your impact. Section 80G of the Income Tax Act provides a framework for eligible donations directed towards registered charitable organizations… Read More

Itemized deductions claimed on timetable A, like charitable contributions, health-related costs, home finance loan desire and state and local tax deductions  supply a charitable deduction for taxpayers – regardless of whether the person itemizes their deductions. Ordinarily, folks who prefer to go ahead and take typical deduction simply cannot… Read More