Embarking on a philanthropic journey is profoundly rewarding. While the desire to contribute is commendable, understanding the nuances of tax benefits tied with charitable donations can amplify your impact. Section 80G of the Income Tax Act provides a framework for eligible donations directed towards registered charitable organizations. By utilizin
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Penalty – Failure to pay for: The law supplies a penalty of one% a month (to not exceed twenty five%) of The online tax liabilities for failure to pay for the tax legal responsibility because of with a timely filed or late-filed return. This penalty is Along with the desire charged for late payment. The wider variety of expenditure selections in