In most cases, every person is qualified to claim the tax deduction who has donated to specified institutions and relief funds set up by the government. There is no specific category of people who can avail this deduction. However, the entity to which one is donating plays a significant role since only certain organisations have been notified for this purpose by the department of income tax. Under section 80G, the donations made can be claimed for deducting the gross total income before getting the taxable income. Read with us to know about how you can benefit under section 80G by making donations to certain organisations and the right process that must be followed. This act allows one to make donations to specific charitable institutions and trusts as a deduction from the gross total income prior to getting the taxable income. There is yet another unknown advantage that making donations can lead to which is saving tax under section 80G of the Income Tax Act. Let us now introduce you to another dimension of making donations. It is a noble act that plays a significant role in bringing one closer to the Lord. Therefore, one must always focus on giving their best in whichever form possible. The amount of donations and the kind of donation made is of little importance if you are doing it with the right intention. Making donations by giving time is considered to be as important as a cash donation if it is done with the right intentions. You can make donations to charitable trusts and also help people locally and donate your time if possible. Making donations has now become easier with the possibility of making an online donation just with a few clicks. There are multiple organisations to which one can donate in both cash and kind. However, the most important factor about donating is the sense of satisfaction derived from the act by putting a smile on someone’s face. By making donations one can also provide service to the Lord by taking care of His subjects. Donating to charitable institutions is considered a noble act since it helps one in detaching oneself from material comforts as well as in fulfilling social responsibility.
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