The Benefits of Charity Sightsavers: A Comprehensive Guide
The Benefits of Charity Sightsavers: A Comprehensive Guide Donation is known as the act of giving money, gifts, and time to a deserving cause. Donors prefer to donate to non-governmental organisations (NGOs). This is because these organisations offers a broad range of initiatives that support civic participation, community development, and social transformation. All of this means that by donating to an NGO, you can make a positive difference in the lives of others. Not only this, you can get the benefit of a charitable donation tax deduction . This means donations you give to eligible groups can lower your taxable income. Section 80G of the Income Tax Act in India allows for tax deductions for contributions made to certain funds, organisations, and non-profits. In case of: Specific charities related to government, e.g., the Prime Minister’s National Relief Fund., 100% deduction is allowed for donations. Other approved funds and groups allow a 50% deduction for ...