80g deduction

Section 80g of the Income Tax Act allows a deduction for donations made to the relief finance and charitable institutions specified in Indian taxpayers. It encourages philanthropy and helps in social causes. Relying on the donation agency, can cut 50% to 100%. To avail this benefit, donors must ensure that the recipient agency is registered under Section 80g. The organization's 80G registration is required to claim deductions, appropriate documents like receipt with a detailed variety, while submitting annual tax returns.