Securing financial perks through charitable donations is a noble endeavor that encourages 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 non-profits. This provision not only lowers your tax liability but also channels resources
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Charitable trusts and foundations present An array of options for individuals and households seeking to amplify their philanthropic effects while reducing tax liabilities. Two essential techniques In this particular regard are Grantor Retained Annuity Trusts (GRATs) and Private household Foundations, which can offer important tax benefits even thou