Donations play a pivotal role in supporting various charitable causes and contributing Review to the societal advancement. Section 80G of the Indian Income Tax Act provides tax exemptions for donations made to eligible organizations. Comprehending the nuances of Section 80G is crucial for both donors and recipients, ensuring fairness in charitable
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Lack of documentation: Failing to acquire or retain receipts, cancelled checks, or lender statements to aid charitable deductions. using this type of tactic, referred to as "bunching," you could possibly Improve your itemized deductions for The present calendar year so they exceed your standard deduction amount of money. AGI is a vital variety