Securing tax benefits while contributing to worthy causes is a win-win situation. Under India's Income Tax Act, donations made to registered charitable organizations under Section 80G can potentially reduce your tax liability. These generous contributions offer significant financial incentives for individuals who wish to support social progress. By

by using a non-grantor CLT, it is possible to shift the tax legal responsibility over the income produced from the contributed belongings faraway from you to the CLT. A non-grantor rely on CLT is liable for the tax on its income, and also is allowed a charitable deduction for the income compensated to charity annually. just before submitting your