ITR filing: Select donations qualify for tax benefits, say analysts

Donors need to select the appropriate mode while making donations under these two sections

Topics
taxes | Donations

Bindisha Sarang 

The pandemic saw people donating to funds and charitable organisations working for Covid-19-related causes, like PM CARES Fund and non-governmental organisations that took care of Covid orphans. Many adopted unconventional means to donate, like using their reward points to supply oxygen cylinders to the needy.

While filing your income-tax (I-T) returns, you can enjoy tax benefits on the amount donated under two Sections of the I-T Act. Section 80G Vivek Jalan, partner, Tax Connect Advisory Services, says, “An individual, firm, company or any other person, including ...

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First Published: Wed, July 21 2021. 06:10 IST
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