A person who makes an eligible donation is entitled to avail tax exemption under 80 G. A charitable organization or trust registered under section 12 A, allows you to avail tax exemption under section 80G. There is however a maximum allowable deduction criteria. The criterion is if the aggregate of the amount you donate exceeds 10% of the total gross income, then the excess amount will not qualify for tax benefit. Only cash or cheque donations qualify for tax exemption
Documents and information required:
- Duly registered organization.
- The NGO should not have any incomes which are not exempted, such as business income.
- The Organization is not working for the benefit of particular religious community or caste.
- The NGO maintains regular accounts of its receipts & expenditures.
- Name, address and status of applicant, the district/ ward circle where assessed/PAN number.
- Audited Balance Sheet, Profit& Loss Account or Income& Expenditure Account for the latest year and two preceding years.
- Formation documents like trust deed, rules & regulation, memorandum of association etc. and registration certificate, if any.
- Name & Addresses of the members.
- Record during the 3 years preceding from the date of application.
- Particulars of the activities of 3 years preceding the date of application or since inception if the association or institution is less than 3 years old.
- Such other information as the association or institution may like to place.
