80g Tax Exemption Secrets Revealed The Complete Guide To Claiming Deductions

80g registration  is an essential element for NGOs because it allows them to offer tax advantages to their donors. Under Section 80g of the Income Tax Act donors who contribute to NGOs with this registration are eligible for deductions on their taxable profits. This now not only encourages individuals and businesses to donate to NGOs however also enables the agencies to raise greater budget for their projects and activities. By acquiring 80g registration, NGOs can appeal to a wider variety of donors who are much more likely to guide their causes once they recognise that their contributions are tax-deductible.