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of <h1>Understanding Section 80G: Tax Deductions for Donations to Approved Charities and Funds Explained</h1> Section 80G of the Income Tax Act allows deductions for donations to specified funds and charitable institutions. This deduction applies to all taxpayers, including individuals and companies, whether resident or non-resident. Donations may qualify for 100% or 50% deductions, depending on the recipient fund or institution. Certain donations have no qualifying limit, while others are subject to a 10% threshold of adjusted gross total income. Donations must be made via non-cash methods for amounts exceeding 2,000. Approved entities must adhere to specific conditions and reporting requirements to maintain eligibility for these deductions.
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