Narayan Seva Sansthan

Charity foundations w ork tirelessly to help the less fortunate and needy people in society. To help them with their work, the government provides citizens with tax relief for charitable contributions and donations. Section 80G of the Income Tax Act covers the specific requirements as well as the overall scope of tax deductions on such contributions. What is Section 80G? Section 80G of the Income Tax Act allows you to claim an exemption for charitable donations made throughout the financial year when you file your Income Tax Returns. This may put you in a reduced tax bracket, lowering your tax liabilities.  Eligibility to claim deductions under section 80G The section 80 G exemption eligibility requirements are quite broad. To claim tax deductions under Section 80G, you must meet the following eligibility requirements: Individuals and HUFs are eligible to claim deductions on their donations. NRIs who donate to national NGO s are eligible for tax benefits. The taxpayer must pr...

Donating is certainly a noble idea that gives people a great feeling. While you give your money with a golden heart, you can add decency and goodness to your account. The government of India is encouraging people to donate money to the poor and deprived sections. It allows individuals to claim a deduction under section 80 G  tax exemption . However, it is vital to donate to the right NGO or charity.  Mentioned below are a few things that you need to consider when donating to a charity: Choose a cause you are passionate about The first thing you have to be careful about is choosing an NGO that supports the cause you are passionate about. Do not donate to just any random NGO that contacts you for donation requests, but you need to ensure that the NGO supports something that you think will make a difference to the society. Remember, the more positive and active you are in your search for NGOs, the less likely you will fall for a scam. Research about the  organization One of ...