Jun 28, 2018 · 1. Deduction U/s. 80G is Allowable to all kind of Assessee Any person or ‘assessee’ who makes an eligible donation is entitled to get tax deduction under section 80G subject to conditions. Section 80G does not restrict the deduction to individuals, companies or any specific category of taxpayer. 2. Deduction U/s. 80G on Donation to Foreign ...

Mar 11, 2025 · Section 80G of the Indian Income Tax Act allows a tax deduction for contributions to certain relief funds and charitable institutions. Thus, you can claim tax deductions in Section 80G apart from Section 80C and save maximum taxes.

Feb 3, 2025 · Section 80G of the Income Tax Act provides for a deduction for donations made to certain charitable institutions or funds. The deduction is available to individuals as well as companies. The deduction under section 80G can be claimed on the amount donated to eligible institutions or funds.

Section 80G of the Income Tax Act provides tax incentives to individuals contributing to eligible charitable trusts or institutions. This section allows for deductions on donations made to specified funds or charities, offering a way to save on income taxes.

Jan 18, 2024 · Section 80G of income tax act allows a deduction for any contribution made to certain relief funds and charitable institutions. This deduction can be claimed by all types of taxpayers (including NRIs), i.e., individuals, HUFs, companies, firms, or any other person.

Oct 11, 2024 · Summary: Section 80G of the Income Tax Act offers tax benefits for donations made to specific funds, charitable institutions, or trusts. Taxpayers eligible to claim these deductions include individuals, firms, LLPs, companies, HUFs, NRIs, and others, but only those opting for the old tax regime.

Deduction 80G – List of Donations Allow for Deduction under section 80G: The government of India has allowed some of the donations eligible for deduction from your income tax. We will discuss here how you can get the deduction 80G and which donations are eligible for deduction under section 80G.

Mar 7, 2025 · Section 80G tax exemption is a provision in the Indian Income Tax Act that encourages charitable giving by offering tax deductions for donations made to specified institutions. This means you can reduce your taxable income by the amount you donate, potentially lowering your overall tax liability.

Deduction under this section can be claimed by any salaried individual, company, firm or any other person. Donations made under this section qualifies for deduction either up to 100% or 50% or...

Jan 31, 2025 · To claim an 80G deduction, your donation must meet the following criteria: Eligible Organisations: Contributions must be made to organisations that are registered under Section 80G. Payment Mode: Donations must be made via non-cash methods like online payments, bank transfers, or cheques.