SECTION 80G
The Income Tax Act in India, Section 80G, deals with the deductions that are allowed for
contributions made to certain charitable organizations. Contributions to the organizations
mentioned in this section can be tax deductible by the individuals or entities making them,
and they can also receive tax benefits.
There are certain limitations in it, such as Donations that Qualify: Not all contributions fall
under Section 80G's deductible requirements, Limits on Deductions: Depending on the type
of Charitable Institution, Payment Method: In order to be eligible for the deduction, donations
must typically be made by check, draft, or electronic transfer, Certificates and Receipts: As
verification of their donation, donors ought to get a certificate or receipt from the nonprofit,
Limits on Deductions: The total amount of deductions allowable under a number of sections,
including Section 80G, may be capped.