In this post, we will be discussing what Section 80GGA is. Let’s dive into each section in detail :
Section 80GGA of the Income Tax Act provides tax breaks for contributions to rural development and scientific research. This encourages more individuals to contribute to these worthwhile charities while saving money on taxes.
But some basic rules need to be followed. This section is intended to inspire individuals to give to worthy charities while also assisting them in saving money.
Let’s check who can profit from these tax breaks.
We have concluded this post on Section 80GGA – Deductions for donations. Feel free to share your views and opinions in the comment section below.
Ans: Yes, gifts to these designated institutions are deductible under section 80GGA of the Income Tax Act.
Ans: All taxpayers except those with income from a business or a profession can benefit from this deduction.
Ans: Individuals cannot use Section 80GG and HRA deductions simultaneously. Section 80GG of the Income Tax Act is for individuals who do not receive HRA as a part of their salary.