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of <h1>Charitable Donations Get Tax Overhaul: New Clause 133 Simplifies Deductions, Boosts Transparency for Philanthropic Contributions</h1> Concise Legal Summary:The text analyzes Clause 133 of the Income Tax Bill, 2025, which proposes a comprehensive transformation of tax deduction mechanisms for charitable donations. The new clause aims to modernize and consolidate existing tax incentives for philanthropic contributions, replacing Section 80G of the Income-tax Act, 1961. Key changes include streamlined eligibility criteria, digital reporting requirements, and clear deduction percentages for various charitable funds and institutions. The provision maintains the core objective of encouraging social welfare contributions while enhancing compliance and transparency in the charitable sector through stricter verification and reporting mechanisms.
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