Securing financial benefits through charitable donations is a noble endeavor that fosters responsible wealth management. Under Section 80G of the Income Tax Act, contributors can claim deductions on their income tax returns for contributions made to eligible charities . This provision not only lowers your tax liability but also directs resources to
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firms donating foods inventory which can be suitable for the present enhanced deduction (for contributions to the care in the ill, needy and infants) may possibly qualify for elevated deduction boundaries. For contributions made in 2021, the Restrict for these contribution deductions is elevated from 15% to 25%. For C firms, the twenty five% limit