History of income tax section 80g

The concept of charitable donations has been an integral part of Indian society when you consider historical times. With the arrival of income tax in India the government brought section 80g of the Income-tax Act, 1961, in 1962. This segment aimed to inspire donations to particular charitable establishments and trusts. Over the years, section 80g has gone through several amendments to widen its scope and include greater agencies beneath its ambit. In 1980 the authorities brought the concept of a 50% deduction for donations made to positive organizations, such as instructional institutions and hospitals. This became later enhanced to a one hundred deduction for donations made to exact companies.