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How to Claim Tax Exemption Benefits on Donations to an NGO?

Contributing a donation to an 80G exempt NGO not only benefits social causes, but also provides you with the privilege of a Tax Exemption on donation.

step 1 - Check Eligibility:
Ensure that the NGO has a current and valid 80G certificate. By having this certificate, it verifies that your donation qualifies for Tax Exemption under 80G section of the Income Tax Act.

Step 2 - Get a Receipt:
Always request for a stamped receipt which has:
NGO's Name, Address
Registration Number and PAN
Amount of Donation and date of donation

Step 3 - Pay Through Permissible Mode:
You can make the donation through online payment methods, cheque, and bank transfer but remember that cash donations over ₹2,000 are not eligible.

Step 4 - Disclosure in your Tax Return:
Disclose donations in your return under section 80G and attach the receipt. Depending on the NGO, you would be able to claim either a 50% or 100% deduction.

You are able to enjoy a tax deduction in addition to being able to support social causes.

https://sakshingo.org/80g-tax-exemption-on-donation/

#taxexemptionondonation #80gexemptngo #taxsavings #donatetosavelives #supportngo
#giveandgrow #donationbenefits #charitywithpurpose #sakshingo
How to Claim Tax Exemption Benefits on Donations to an NGO? Contributing a donation to an 80G exempt NGO not only benefits social causes, but also provides you with the privilege of a Tax Exemption on donation. step 1 - Check Eligibility: Ensure that the NGO has a current and valid 80G certificate. By having this certificate, it verifies that your donation qualifies for Tax Exemption under 80G section of the Income Tax Act. Step 2 - Get a Receipt: Always request for a stamped receipt which has: NGO's Name, Address Registration Number and PAN Amount of Donation and date of donation Step 3 - Pay Through Permissible Mode: You can make the donation through online payment methods, cheque, and bank transfer but remember that cash donations over ₹2,000 are not eligible. Step 4 - Disclosure in your Tax Return: Disclose donations in your return under section 80G and attach the receipt. Depending on the NGO, you would be able to claim either a 50% or 100% deduction. You are able to enjoy a tax deduction in addition to being able to support social causes. https://sakshingo.org/80g-tax-exemption-on-donation/ #taxexemptionondonation #80gexemptngo #taxsavings #donatetosavelives #supportngo #giveandgrow #donationbenefits #charitywithpurpose #sakshingo
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