Trust R.

Section 80g of the Income Tax Act of 1961 grants tax exemptions and deductions to individuals donating money to charitable institutions. This article will detail the benefits of Section 80g, what types of donations are eligible, how to apply for benefits, tax exemption and deduction limits, documentation required and tips and advice on how you can use Section 80g to save on taxes. The first step is understanding the types of donations that qualify under Section 80g. These include contributions made to certain funds or charities such as Prime Minister's National Relief Fund (PMNRF) or any university approved by UGC or any fund set up by a State Government in India. Additionally, donations made towards conservation trusts established by local governments would be eligible too.