Crystal Consultancy

The 80g of the Income Tax Act is a provision that allows taxpayers to claim deductions on donations made to certain charitable organizations. This deduction can be used to reduce the taxable income and thereby lower the amount of tax payable. The 80g deduction is applicable only when donations are made in cash or cheque and not through any other mode such as credit card or online transfer. The donor must also obtain a valid receipt from the organization which will serve as proof of donation for claiming the deduction. It is important to note that only donations made to certain charitable organizations are eligible for this deduction, so it is important to check with the organization before making any donation.