Securing financial benefits through charitable donations is a noble endeavor that fosters responsible wealth management. Under Section 80G of the Income Tax Act, taxpayers can claim deductions on their income tax returns for contributions made to eligible organizations . This provision not only lowers your tax liability but also directs resources t… Read More

The draw back is you received’t get any tax deductions in the course of your lifetime, plus the charity received’t get something right up until Once you die, which may be a few years absent. NerdWallet's scores are determined by our editorial team. The scoring formulas take into consideration several info points for every fiscal product or ser… Read More