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Our Finance Minister has a tough job keeping government's tax revenue and borrowing in check, and an empathetic view is what he needs. But ask we must and here's what the Finance Minister could do with his Budget for this year to make it a taxpayer's delight.
Your good deed in donating to a charity will not go without reaping you rich rewards, not only in metaphysical terms but also financially. In India, the Income Tax Act has certain provisions which offer tax benefits to donors in order to encourage more philanthropic donations. One such section is Section 80G, with its different sub-sections. However, availing of tax benefits is subject to certain conditions. Here are a few pointers.