Donations play a pivotal role in supporting various charitable causes and contributing to the societal advancement. Section 80G of the Indian Income Tax Act provides tax benefits for donations made to eligible organizations. Grasping the nuances of Section 80G is essential for both donors and recipients, ensuring transparency in charitable giving.

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Charitable trusts and foundations provide a range of options for people and households trying to find to amplify their philanthropic impact even though reducing tax liabilities. Two crucial procedures in this regard are Grantor Retained Annuity Trusts (GRATs) and Private loved ones Foundations, which can offer major tax benefits though supporting c