All you need to know about 80g and 12a tax benefits
The donors and charitable organizations need to know about the benefits of section 80g and 12a. Section 80g is the provision that enables the donor to receive deductions on the donations made to approved charities to lower the taxable income. Meanwhile, section 12a allows tax exemption status to be applied to trusts and ngos so that they might enjoy tax free income and promote transparency. Both provisions encourage philanthropy by giving financial incentives and allowing philanthropic activities to flourish, as well as bringing transparency in philanthropic work.