The importance of section 80g

by Trust Registration
Published: April 3, 2023 (6 months ago)
Patparganj, New Delhi , 110092

Section 80g of the Income Tax Act, 1961 is an important section that offers taxpayers various tax deductions. It enables individuals to reduce their taxable income and save more on taxes. This section provides deductions for donations made to specified charitable organisations, trusts and institutions. As a result, people have the opportunity to contribute towards social causes while also reducing their tax liabilities.