Charitable donations in India are recognized as a worthy act and are encouraged by the government. Under Section 80G of the Income Tax Act, 1961, donors are entitled to certain tax exemptions on their contributions made to eligible trusts. These incentives aim to stimulate individuals and organizations to contribute towards the social well-being of

by way of example, if volunteer hours are invested caring to the aged at a hospice area and weren't acknowledged as earnings, these can be disclosed during the statements.   Pro idea: be sure to give Just about every donation a unique serial number or donation ID. This can assist you keep arranged and locate donation receipts much faster. If you