section 80g5

Section 80g of the Income Tax Act in India provides an opportunity to the taxpayers to claim deductions to the eligible charitable groups. In particular, section 80g5 underlines the criteria to qualify for such cuts for those groups. According to this section, a unit should be registered below the correct category, along with an idea or society, and a certificate from the Income Tax Department to advance its charitable reputation. Such contributions made to such recognized institutions are eligible to deduct different fees, both rely on the type of organization, 100% or 50% donated amount. This section encourages philanthropy and helps in many social causes, promoting a subculture of giving among taxpayers.