What Indian Donors Don’t Know About 80G Tax Benefits? Many Indian donors are not fully aware of the tax benefits they can get on their donations. So, if you're making a donation to an NGO, here is what you need to know to claim your Tax exemption on donation. Commonly Missed Facts: 1. 80G Exempt NGOs Only You will only be able to claim a Tax Deduction under 80G if the NGO is officially registered under section 80G. Always check before donating to the NGO for 80G exemption. 2. You Need Form 10BE You will need to ask the NGO for Form 10BE, as you cannot claim the deduction without it. This is a new document that is required by the Income Tax Department. 3. Cash Donations Over ₹2,000 Are Not Eligible Donations over ₹2,000 must be made by cheque, UPI or bank Transfer to qualify for 80G benefits. Cash donations above this limit cannot be claimed. By now you have a good understanding of the rules for claiming your tax deduction, so you can better support a cause and save tax. Always donate wisely and collect the right documentation from the 80G Exempt NGO. https://sakshingo.org/80g-tax-exemption-on-donation/ #taxexemptionondonation #80gexemptngo #donatesmart #ngodonations #taxsavingtips #section80g #taxexemptionunder80g #supportngo #indianngos #donationbenefits

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