Income Tax Exemption
What is Donation to Charity
A charitable donation is a gift of cash or property made to a nonprofit organization to help it accomplish its goals, for which the donor receives nothing of value in return.
Importance of Donation for Needy People
Those who give to charity are also participating in a cause that is larger and more significant than themselves. People don't need to participate in volunteerism to give back
giving to a charitable cause is an equally significant way in helping an organisation make a difference and provide aid to the needy.
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How Donating to Charity can Help you Save Tax
Contributions made to certain relief funds and charitable institutions can be claimed as a donation under Section 80G of the Income Tax Act. All donations, however, are not eligible for deductions under section 80G. Only donations made to prescribed funds qualify as a deduction.
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