Embarking on a philanthropic journey is profoundly rewarding. While the desire to contribute is commendable, understanding the nuances of tax benefits linked with charitable donations can significantly enhance your impact. Section 80G of the Income Tax Act provides a framework for eligible donations directed towards registered charitable organizati… Read More


In-kind donation receipt. In-kind gifts come in the form of products or expert services as an alternative to money. Gifts of products do keep a greenback benefit and therefore are tax-deductible; gifts of your time and repair don't keep a greenback benefit and they are not tax-deductible. So how can we make money? Our associates compensate us. thi… Read More


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Penalty – Failure to pay for: The law supplies a penalty of one% every month (to not exceed 25%) of The online tax liabilities for failure to pay for the tax legal responsibility thanks on a timely submitted or donate tax benefit late-filed return. This penalty is In combination with the desire charged for late payment. so that you can preserve … Read More