kavya development foundation is a legally registered NGO in uttar Pradesh working for the betterment and rehabilitation of the specially-abled and impoverished. The registration number of the Sansthan is UP/222/2023. Donating money to a charitable organization like ours is beneficial in many ways not only for the underprivileged but also for the donors. One of the benefits is a 50% tax exemption. If you donate money to our charitable trust, you get tax benefits, as we are registered under section 12A of the Income Tax Act and eligible for tax deduction under section 80G.
We take our payer’s privacy very seriously and ensure that their information is secure with us and that no third-party sources have access to them.
In Acordance with the Information Privacy Policy, no personal information of the donors concerned is disclosed to anyone The amount received as the donation is used only for welfare activities of destitute, physically challenged and needy people.
The details of the transaction are to be emailed to our email address (info ngokdft@gmail.com).The donation is to be directly transferred to the account of ‘Kavya development foundation ’, Uttar Pradesh. As per the donation policy, the donation receipt along with other relevant documents is sent to the donors at the address requested by them.
Double transaction or wrong amount entered: –Request mail required to be sent to info ngokdft@gmail.com mail ID with a valid reason. After verifying the details of the transaction and justifying the reason with respect to the gift acceptance policy, the amount as received is refunded and the transaction charges shall be borne by the concerned donor. The said process completes within 30 days of the date on which ‘the request mail’ has been received.
If any transaction is cancelled by the user during the processing period and the amount is not credited to the account of the Sansthan but has been debited from the user account:-Kavya Development foundation is not at all responsible for a refund for the same. The matter has to be resolved by the user with their bank/merchant. The Organization shall resolve the matter up to the extent of its limit. For this, the donor is kindly requested to email their concern to Sansthan at info ngokdft@gmail.com
Voluntary help, either in terms of money or kind, towards needy people is known as charity. A way for people to give back to society, it not only makes you feel happy from within, but when you donate, you can also save some tax.
Today, there are various non-governmental organisations (NGOs) and other non-profit bodies that collectively work towards conducting charitable activities that help them raise funds or provide non-monetary charity for people in need. Such institutions have put forth their best efforts to further play a significant role in promoting the various economic development and social welfare objectives that the Indian government has initiated. The outreach and localised approach that NGOs and other non-profit entities follow has allowed for the identification of the needy and helps ensure that a supporting hand is provided to them. This is one of the key reasons why the Government of India offers tax incentives and exemptions to NGOs and charitable organisations, with the exemptions under Section 80G of the Income Tax Act being the most significant ones.
The reduction or removal of a liability to make a mandatory payment that is otherwise imposed by the ruling power on a property, individual, income, and so on, is known as tax exemption. Having a tax-exempt status may also provide relief from other taxes, offer reduced rates, or tax only on a portion of certain items. Exemption of tax for donations to charitable trusts and NGOs, from property and income taxes for veterans, cross-border scenarios, and so on, are some examples of tax exemption. An important thing that organisations need to keep in mind is that registrations are granted under Section 12A of the Income Tax Act. However, that doesn’t give direct approval for an 80G deduction. This is because Section 80G tax savings by donations apply only to charitable trusts, NGOs, and similar institutions. It doesn’t apply to religious trusts or institutions.
Exemptions on Donation Under Section 80G of the Income Tax Act Section 80G Income Tax Act of 1961 is a little different, as it provides tax exemption to charity donors as well. Donations to an NGO under 80G are treated as deductions while calculating the total income of the donor. The recipient of the charity donation gives a receipt of the donation to the donor based on which they get the entitled deduction, provided the NGO or charitable trust is approved under Section 80G. In addition to this, tax exemptions on charity are also applicable, provided the charity organisation is established in India and is operating for charitable purposes in the country.
When you contribute towards the causes and initiatives supported by Narayan Seva Sansthan, you are eligible for a certain tax exemption on your donation to our NGO. This income tax exemption can be claimed only if an NGO registered and validated with the Income Tax Department provides donors with the necessary 80G receipts and 80G certificates that are required by the government.
Voluntary help, either in terms of money or kind, towards needy people is known as charity. A way for people to give back to society, it not only makes you feel happy from within, but when you donate, you can also save some tax.
Today, there are various non-governmental organisations (NGOs) and other non-profit bodies that work collectively towards conducting charitable activities that help raise funds or provide non-monetary charity for people in need. Such institutions have put forth their best efforts to further play a significant role in promoting the various economic development and social welfare objectives initiated by the Indian government.
An important thing to keep in mind is that tax exemptions for charitable organisations under the Income Tax Act are governed by Section 12A. However, this does not directly entail approval for deductions for donors or tax benefits, as these fall under Section 80G.
Section 80G of the Income Tax Act, 1961 provides tax exemptions to charity donors. Donations to NGOs under 80G are treated as deductions while calculating the total income of the donor. The NGO must be registered and approved under Section 80G for the donor to be eligible for the tax deduction.
The government allows tax exemptions on donations to charity organisations, but these may not apply in all cases. Eligible taxpayers, including individuals, companies, and NRIs with taxable income in India, can claim tax deductions under Section 80G if certain conditions are met.
Income tax exemption refers to the removal or reduction of the liability that a taxpayer has for mandatory payments that the government imposes on their property, income, etc. In general, donations tax exemptions are subject to various conditions.
Donation not only makes you happy but also lets you donate and save tax. Income tax section 80g under Act’1961 provides income tax exemption to both the charitable trust and the charity donor, provided the NGO meets all the stated rules of the act. For a donor to be able to claim a deduction under section 80G, you need to present the receipt of the donation based on which you can avail the deduction. You are also required to obtain Form 10BE, which is provided to donors by authorised relief funds and NGOs. This form must then be uploaded to the income tax portal along with the other required documents. The details of the donation will be automatically populated under section 80G. The documents that are required generally include the NGO’s registration certificate, receipt of donation, etc.
Depending on the category of donation, the maximum donating limit for the Income Tax Act Section 80G deduction may vary. While in some cases, there is no maximum limit set for the deduction; while in other cases, the 80g tax exemption limit is set at a 10% of the adjusted gross total income of the charity donor.
There are 4 categories of donations made to NGOs or charitable funds, of which, categories 1 and 2 cover donations that are made to particular organisations or funds. Category 1 and 2 donations are eligible for 100% and 50% deductions, respectively, and have no qualifying or maximum limit. Donations made towards the promotion of Family Planning, to any approved local authority or to the government fall under Category 3, whereas donations made to almost all other approved NGOs generally come under Category 4. Category 3 and 4 donations are eligible for 100% and 50% deductions, respectively, subject to a qualifying or maximum limit. Under 80G, any donation in categories 3 & 4 must not exceed 10% of the taxpayer’s adjusted gross total income, for it to make the 80G exemption list of 80G tax exemptions.
Tax exemption under 80G is applicable only to donations made to certain NGOs, charitable trusts, and similar institutions. The deductions are not applicable to donations made to religious trusts and other such establishments. The 80G tax exemption is unique as it provides tax deductions to the ones making the donation as well. According to the Income Tax Act, donating to savers tax deductible if it meets certain requirements, like: -
Donee: The organisation or relief fund to which the donation has been made must be registered and validated with the Income Tax Department. Mode of Payment: To be eligible as a tax-deductible donation, it cannot exceed Rs 2000. Donations in kind also do not qualify for an 80G deduction. The Donation Limit: For claiming this as a tax-deductible, the donation (Category 3 & Category 4 Donations) must not exceed 10% of the donor’s adjusted gross total income.
Tax exemption in India is the removal or reduction of liability from making a mandatory payment that is imposed by the ruling power on a property, income, and so on. Tax exemptions on charity can availed when you make a donation to a charitable trust or NGO, provided the stated rules are met.
For tax exemption under Section 80G, donations of an amount in cash within the 80g tax exemption limit of Rs 2000/- are eligible. However, for an amount exceeding Rs. 2000/-, payments in any mode other than cash are eligible for tax deductions. Contributions like food, medicines, and so on are not eligible for tax exemption donations under 80G. Under Section 80G, donations can be claimed as a 50% or 100% deduction, if made to an approved NGO, non-profit, or relief fund. This amount may have a qualifying or maximum limit based on the category under which the donation falls.
There are certain individual funds in India, donations to which are eligible for 100% deductions under section 80g. Donations made to the National Defence Fund (by the central government), PM’s National Relief Fund, National Trust for Welfare of Persons with Autism, Cerebral Palsy, Mental Retardation, and Multiple Disabilities, etc., or to any medical relief fund for the poor that is set up by a state government, approved educational institutions of national eminence, and many more have no limit and are donations entitled for 100% deduction under 80G. Other donations entitled to a 100% deduction under 80G include those made to an approved local authority or to the government towards the promotion of Family Planning in India. These donations are however subject to a qualifying limit.
Donating to an NGO allows you to help further several initiatives and causes for the betterment of society, bringing happiness to a number of people. Being able to avail NGO tax benefits on your donation is another great advantage of donating money to an NGO. You can easily claim tax deductions on the donation, provided that the NGO is eligible under Section 80G of the Income Tax Act, 1961.
You can make donations under 80G to claim tax incentives. There are various categories of donations that are specified under Section 80G. They can be eligible for tax deductions of up to 100% or 50% with or without restrictions, provided they meet all the rules stated under Section 80G.
If you wish to donate the amount in cash, the limit for donation under 80G is Rs 2000/-. If the donation amount exceeds Rs. 2000/-, you must donate in any mode other than cash for the donation to qualify for an 80G deduction.
Non-Governmental Organisations (NGOs) and charitable trusts in India are subjected to tax exemptions under Section 80G of the Income Tax Act of 1961. However, for the tax exemption, the charitable trust must be established in India and should be operating for charitable purposes in the country.
Cash donations above Rs 2,000 are not applicable for 80G certificates or deductions.
Yes. A soft copy of the receipt of the donation is generated and made available to you instantly. But, if you require a hard copy of the tax receipt, you will be required to put in a request for the same, along with screenshots of the payment and the receipt will be shared with you within 10 days.
A minimum of Rs 500 needs to be donated to avail tax exemption under IT sec 80G for online donations.
Making donations under section 80G can help you with tax deduction benefits. The exemption is calculated by reducing the donated amount from your taxable salary. For instance, if your taxable income per year is Rs 200,000 and you make a donation of Rs 5,000 then your net taxable income will become Rs 197,500. Your tax will now be calculated on this new amount basis the prevailing tax rates. As per the revised tax exemption act, effective April 1, 2017, donations to Narayan Seva Sansthan will be eligible for a 50% tax exemption under Section 80G of the Income Tax Act.
What are 80G donations? 80G is a certificate that exempts you from paying taxes on the amount of money that you have paid as a donation to NGOs, charitable trusts, etc. that are registered. Donations to Narayan Seva Sansthan are exempt from 50% tax under section 80G of the Income Tax Act. The tax benefit is valid only in India
Tax exemption refers to financial exclusions that lower the taxable income. Tax exemption is therefore a mandatory exemption to a general rule. Tax exemptions are given to boost certain economic activities such as the activities of charity organisations.
