Tax Exemption Under Section 80G

Philanthropy is not just about transforming society; it’s also an opportunity to reduce your taxable income. The Government of India encourages donations to registered organizations by offering tax benefits under Section 80G of the Income Tax Act.

What is Section 80G?

Section 80G of the Income Tax Act allows individuals and companies to claim deductions for donations made to eligible organizations. This deduction reduces the donor’s taxable income, providing financial benefits while supporting social welfare.

Tax Benefits for Donations to Sarv Samaj Foundation

Sarv Samaj Foundation is a non-profit organization registered under Section 12A and approved under Section 80G of the Income Tax Act. This ensures that all eligible donations to the foundation qualify for tax exemptions.

By contributing to Sarv Samaj Foundation, you support initiatives in education, economic development, cultural preservation, and national harmony while reducing your taxable income. The foundation is committed to using your contributions transparently to create a positive and lasting impact on society.

Eligibility for Tax Exemption

Individuals, Hindu Undivided Families (HUFs), and companies can claim deductions under Section 80G if they:

• Donate to a registered and recognized charitable organization like Sarv Samaj Foundation.
• Provide proper documentation, such as a donation receipt issued by the organization.
• Make donations exceeding ₹2,000 through non-cash methods.

Documents Required for Claiming Tax Benefits

To claim tax benefits under Section 80G, you will need the following documents:

• Donation Receipt: A stamped receipt from Sarv Samaj Foundation containing the donor’s name, donation amount, organization’s PAN, and Section 80G registration details.
• Certificate: Details of the foundation’s 80G certificate for verification.

Limits of Tax Exemption

The deduction limit depends on the type of donation:

• 100% deduction for donations to certain funds, such as the Prime Minister’s Relief Fund.
• 50% deduction for donations to charitable organizations like Sarv Samaj Foundation.
• Some donations may be capped at 10% of the donor’s adjusted gross income.

Steps to Claim Tax Benefits

Follow these steps to claim your tax benefits:

1. Make a donation to Sarv Samaj Foundation through an approved payment mode.
2. Obtain your donation receipt and ensure it includes all necessary details.
3. File your income tax return, mentioning the donation amount under Section 80G deductions.
4. Retain the receipt and other documents for your records in case of tax scrutiny.

Why Donate to Sarv Samaj Foundation?

At Sarv Samaj Foundation, we ensure that your donations are used transparently and effectively to empower grassroots communities, promote indigenous culture, and foster national harmony. With tax exemptions under Section 80G, your contribution creates an even greater impact on society.

For any questions about tax exemptions or the donation process, please contact us at foundationsarvsamaj@gmail.com or call us at 8860774747.