The 80G provision allows taxpayers to claim a deduction on donations made to eligible NGOs. This not only incentivizes people to donate but also helps NGOs receive much-needed funding for their various projects and initiatives. In this article, we will explore how the 80G benefit can prove beneficial for NGOs and help them achieve their goals more effectively. Non-Governmental Organizations (NGOs) play a crucial role in the development of society. These organizations work towards various caus...Read more
The 80G provision allows taxpayers to claim a deduction on donations made to eligible NGOs. This not only incentivizes people to donate but also helps NGOs receive much-needed funding for their various projects and initiatives. In this article, we will explore how the 80G benefit can prove beneficial for NGOs and help them achieve their goals more effectively. Non-Governmental Organizations (NGOs) play a crucial role in the development of society. These organizations work towards various causes such as education, healthcare, environment conservation, and poverty alleviation. To support their efforts, the government of India has introduced tax benefits under section 80g of the Income Tax Act, 1961. This provision allows donors to claim tax deductions for donations made to registered NGOs.
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