80g of income tax act

Section 80g of the Income Tax Act, 1961 in India gives tax deduction for donations made to separate charitable organizations and establishments. This provision encourages people and businesses to deduct the contribution from their taxable income, perhaps reduces their general tax liability. The subsistence value range can be donated for various reasons, with educational institutions and health care offerings. To declare this benefit, taxpayers must receive the receipt from the received unit which ensures compliance of the recommendations prescribed through the Income Tax Department. It now not only promotes social duty but also promotes the spirit of giving within the community.