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Securing tax benefits while contributing to worthy causes is a win-win situation. Under India's Income Tax Act, donations made to registered charitable organizations under Section 80G can potentially lower your tax liability. These generous contributions offer significant financial incentives for individuals who wish to support social development.
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, decrease your contribution by the worth of Those people products or providers. If you work your deduction by minimizing the FMV of the donated residence by its appreciation, as described previously in You then acquire potential income that is less than the particular price of your property. You also get an upfront deduction determined by the env
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