80g

Section 80g of the Income Tax Act in India provides the ability to say deduction to eligible charitable businesses for charity. This provision encourages philanthropy through allowing people and companies to reduce its taxable income based on their contribution. Institutions engaged in various activities including training, health care and social welfare can be donated. To achieve qualification, recipient employers need to register and accept under this segment, allowing fixed transparency and proper use of money. This initiative promotes the culture of providing financial benefits to the donors.