Donations play a pivotal role in supporting various charitable causes and contributing to the societal development. Section 80G of the Indian Income Tax Act provides tax benefits for donations made to eligible organizations. Comprehending the nuances of Section 80G is essential for both donors and recipients, ensuring fairness in charitable giving.
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moreover, In case your standard deduction is greater than the sum of your itemized deductions, it'd be worth it to abandon itemizing and take the common deduction in its place. If you abandon itemizing, even so, you abandon taking the deduction for what you donated. The benefit of utilizing the DAF program is you can get rid of the capital gains t