HelpAge India Know Tips And Precautions Of Donating Under 80g Donating to a Non-Government Organization or simply an NGO is an act that fulfils one’s social responsibility. However, it is advisable to reap the benefits of donating to an NGO that has received an 80g exemption certificate. If you make a donation under 80g section of the Income Tax Act of 1961, you are eligible to receive a tax rebate on the amount you have donated. Thus, everyone is advised to make donations to certified NGOs to avail these exemption benefits. However, before donating to an NGO, it is advisable to consider a few tips and precautions, both of which would be discussed in this article.
Tips to Make Donations There are certain tips to take into consideration before making your donation to a certified NGO. These are given as follows: ● Your donation should be made via demand draft or through a cheque as there exists a limit on the amount you can donate in cash for it to be allowed as a deduction. ● Another tip to keep in mind is that if you wish to receive an exemption, you must make a monetary contribution. This is as any donations made in-kind like clothes, medicines, food, etc. are not eligible for exemption under section 80g. ● You can avail the maximum benefits of making a donation under section 80g if you make a contribution to an NGO that provides 100% deduction without any qualifying limits. These NGOs can be found under section 80g. These mostly include victim relief funds, welfare funds, etc. For a few NGOs, the deduction provided is 50% instead of 100%. https://www.helpageindia.org Toll Free No Elder Help Line 1800-180-1253
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