80g-deduction

Section 80g of the Income Tax Act allows taxpayers in India to claim deductions for charitable businesses made to charitable businesses. This provision encourages philanthropy with the help of providing tax benefits on contribution to the approved NGOs, Kalyan Trusts and establishments using officers. Relying on the popularity of business enterprise, degree of deduction from 100% to 50% of the donation amount. To take advantage of this benefit, donors must ensure that they get a proper receipt and the organization is registered under 80g. This enables to reduce tax liability by assisting social causes.