Charitable giving is a noble act that can significantly impact the lives of others. However, savvy donors understand the importance of making their contributions efficiently. By leveraging Section 80G benefits, you can not only aid worthy causes but also reduce your tax liability. This section of the Indian Income Tax Act provides financial incenti… Read More

Give back to your neighborhood and reduce your tax burden this year by making charitable donations. A donation to a legitimate charity is not only a compassionate gesture but also a smart financial move. When you contribute to a charity, you can possibly lower your taxable income, resulting in a larger tax refund. Explore making a donation to a cau… Read More

I volunteer as a pink Cross nurse's aide in a hospital. Can I deduct the expense of the uniforms I must put on? If the expense of donated stock just isn't included in your opening stock, the inventory's basis is zero and you can't claim a charitable contribution deduction. If you assert a deduction for clothes or possibly a household product, a d… Read More