50% Deduction Donations (Without any qualifying limit): Donations made towards these trusts qualify for 50% deduction.National/State Blood Transfusion Council.The National Foundation for Communal Harmony,.Donations with 100% deduction (Without any qualifying limit): Donations made under this category enjoy 100% tax deduction and are not subject to any qualification limit being met.Deduction under Section 80Gĭonations under Section 80G are eligible for tax deductions under certain conditions and can be broadly classified into four categories, as mentioned below. Not all donations made by an individual qualify for deductions under Section 80G.ĭonations made to foreign trusts and political parties are not covered under the ambit of this section and individuals cannot claim tax deductions for such donations. Individuals are advised to check the credentials of an organization before donating to it.
Trusts and charities need to be registered under Section 12A post which they qualify for the 80G certificate. Only those donations are suitable for deductions which are registered under valid funds or charitable institutions. Individuals who wish to claim deductions under section 80G need to ensure that the organization they are donating to falls under the overview of this Act.
DONATE US 80G REGISTRATION
NRIs donations are eligible to trusts or institutions and are also entitled to the benefits under Section 80G.Ĭertain Charitable Trusts, Religious Trusts, Societies and companies which come under Section 8 are eligible for 12A registration and it is not applicable for Private or Family Trust. EligibilityĪll taxpayers (individuals/companies/Hindu Undivided Families) are eligible to make donations to charity under Section 80G and claim a deduction, subject to limits set down by the government. So if you want your NGO to receive the benefit of income tax exemption, then you must get a 12A certificate for it. If your NGO doesn’t have a 12A certificate, then it will be entitle to normal tax rates. An amount donated by an individual to an eligible charity can be claimed as a tax deduction while filing an income tax return. This section offers tax deductions on donations made to certain funds or charities. Income Tax Act, Section 80G deals with donations made towards charity, to provide tax incentives to individuals indulging in charitable activities. How Legalraasta will help get 80G and 12A Certificate?.