How does the Income Tax Exemption affect an individual’s taxable income?

Tax deductions are provisions in the law that reduce your overall taxable income, allowing you to pay less tax or even avoid it entirely on specific types of income. These deductions are designed to encourage particular economic behaviours and support activities that are considered beneficial for society.

What are the tax benefits of donating to charitable organizations in India?

Section 80G of the Income Tax Act, 1961 provides tax deductions for donations made to registered charitable trusts and organizations, allowing both the trust and the donor to benefit. To claim this deduction, donors must submit the receipt of their contribution to the eligible NGO.

What types of donations qualify for deductions under Section 80G?

Section 80G of the Income Tax Act enables taxpayers to claim deductions from their taxable income for donations made to charitable organizations recognized by the Income Tax department.
Indbharat Global Foundation is among those entities that have received this approval, allowing donors to benefit from tax deductions on their contributions.

What tax exemption benefits are available to individual taxpayers?

Donations exceeding ₹500 to the Indbharat Global Foundation qualify for a 50% deduction from taxable income under Section 80G of the Income Tax Act. By supporting Indbharat, you not only contribute to feeding school children but also enjoy tax benefits on your contribution.

What is the minimum donation required to qualify for tax deductions under Section 80G?

To cover documentation costs, Indbharat requests a minimum donation of ₹500 to qualify for tax exemptions under Section 80G of the Income Tax Act.

What is the maximum limit for tax deductions under Section 80G of the Income Tax Act?

The maximum limit for deductions under Section 80G varies based on the type of donation. For certain donations, there may be no specified cap, while in other cases, deductions can be claimed up to 10% of the donor's adjusted gross total income.

Do you provide tax receipts for donations, and how long does it typically take for them to be delivered?

Yes, tax receipts will be sent to you via mail within 3 working days of your donation.
Additionally, you will receive the tax exemption certificate via email within 5 days of making your contribution.

When can I expect to receive my tax exemption certificate after making a donation?

At Indbharat, we issue the tax exemption certificate within 5 days of your online contribution. Starting from the financial year 2021-22, under the latest Income Tax regulations, we are required to upload all donation details to the Income Tax website using Form 10BD and generate a certificate as per Form 10BE. This certificate will be sent to donors via email periodically

What should I do if I misplace my tax receipt?

While we may not be able to issue a duplicate receipt, we can provide a copy of the Income Tax exemption certificate along with a soft copy of the original receipt for the same financial year as your donation. Please email us at reach@indbharatglobal.org for assistance.

As an NRI, am I eligible for tax exemptions on my donations?

NRI (Non-Resident Indian) donors who are Indian citizens with an Indian passport are eligible for tax exemptions under Section 80G of the Income Tax Act. To avail of these tax benefits, please ensure to include your Indian PAN Card Number on the online donation form. For any further queries, you can reach out to reach@indbharatglobal.org.

What certificates are necessary to claim tax exemptions under Section 80G?

Taxpayers need to have the following documents to claim deductions under Section 80G: - Receipt of donations - Photocopies of the 80G Certificate - Registration number of the charitable trust

Can I claim tax exemptions under Section 80G through my employer?

Yes, you can claim a deduction under Section 80G through your employer. To do this, you'll need a certificate from your employer confirming that the donation has been made from your salary.

Does Indbharat accept donations in kind?

At Indbharat, we do not accept in-kind donations; however, you can volunteer to assist with our operations or sponsor equipment used to provide hygienic and nutritious meals to our beneficiaries.

What are the advantages of donating to NGOs?

You can claim tax deductions on the donations made to an NGO provided the NGO is registered under Section 80G of the Income Tax Act, 1961. Not only that, helping those in need of your support also makes you happy and fulfilled.

Do I get the Utilisation Certificate at the time of donation, or is it provided later in the year?

All Utilisation Certificates will be issued to the donor at the end of the financial year.