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How to claim Tax deduction under Section 80G
Posted: Feb 22, 2020
Donating towards charity and needy people is a very noble act. Most of us at some point in our lives, would have considered to do our bit of the society by giving to a charity, an old age home or any other NGO in India. It is a commendable thing to make a donation for a cause and honestly work with a positive thought that our act of charity will make a difference in other’s lives. Some people do it out of generosity and some people do it to add goodwill in their lives.
In order to encourage charitable contributions to improve the condition of people hailing from challenging socio-economic backgrounds, the Indian Government has made deductions available for donors under section 80G of Income-tax Act, 1961, who donate towards registered charitable organizations. The donor can claim IT exemption of 100% or 50% of the donation amount depending upon the criteria set by the Income Tax Act.
What is Section 80G of Income Tax Act, 1961?
Section 80G of the Income Tax Act provides a tax deduction for tax-payers on donations made towards specified trusts and charitable institutions. This is open to every individual who makes a donation. The donor can claim IT exemption of 100% or 50% of the donation amount depending upon the criteria set by the Income Tax Act.
What are the limitations under section 80G?
If you have made your donations to support NGOs by a cheque, cash or a draft, you are eligible to claim deductions u/s 80G. However, donation materials like clothes, medicines, etc. cannot be claimed as a tax deduction under section 80G. Also, Financial Year 2018 onwards, donations made in cash above?2000 are not allowed as deductions; which is why it is a good option for you to making online donations.
The Akshaya Patra Foundation is registered as a not-for-profit organisation under the Indian Trusts Act, 1882 (Reg. No. 154). It works relentlessly towards the cause ‘Food for Education’ of school children since the last 19 years. The Foundation feeds 1.8 million children in 51 locations spread across 12 States and 2 Union Territories of India.
More information about Akshaya Patra’s centralised kitchens
The centralised kitchens prepare nutritious and healthy school meals to serve children studying in 16,856 schools of the country. Wholesome mid-day meals are prepared with utmost care under hygienic conditions to ensure food of high quality standards is served to school children studying in Government and Government-aided schools. centralised kitchens are equipped with trolleys, rice chutes, cauldrons, dal and sambar tanks, chopping boards, knives and other equipment that are sanitised before and after usage.
The Foundation aims to feed 5 million children by 2025. You can donate to children’s mid-day meals by making online donations so that every contribution makes a significant impact on the lives of young children. By donating?1100, you can transform the life of 1 child by sponsoring their school meals for an entire year. You can donate in multiples of 1100 to that number of children respectively and save more on your tax.
Join hands with Akshaya Patra to do your maximum to reach out to more number of children. You have the capacity to transform young lives to grow into healthy, focussed, and resourceful adults.
Empower the next gen to aspire for big dreams!
Feed nutritious meals & gain tax benefits!
Author Profile:
The Akshaya Patra Foundation is an Indian NGO implementing the Mid-Day Meal Programme along with several child-centric initiatives. Your support to Akshaya Patra can potentially improve lives of millions of children across India and also avail you tax exemption.
The Akshaya Patra Foundation is an Ngo in India providing food for 1.6 million school children across 12 States and 28 locations.