80g Deduction Know Income Tax Act for Donation

Section 80g of the Income Tax Act allows taxpayers in India to claim deductions on donations made to special charitable establishments and remedy funds. This deduction may be availed by using individuals Hindu Undivided Families (HUFs) and agencies, encouraging philanthropy and support for social causes. The deduction quantity can variety from 50% to 100% of the donated quantity relying at the institution's eligibility. To claim this benefit taxpayers ought to make certain donations are made through desirable modes and preserve proper documentation for verification.