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Will Donating For Tax Rebate Benefit Society?

Let’s Help Each Other

Water shortages, climate change, pollution, a threat to marine ecology, animal rights, natural disaster, hunger, malnutrition, poverty, illiteracy, unemployment, child labour, homelessness – The list goes on and on. Nearly all countries are battling these and other similar problems on a national and international level. Therefore, for a society to function effectively, it requires participation from everyone – communities, businesses, and individual residents. Without a doubt, the government is in charge of the advancement of the nation and its people. However, it is also up to us to do our part to address diverse socio-environmental problems.

And joining a non-governmental organisation is another efficient strategy (NGO). Yes, NGOs are legally constituted organisations that are active groups working on a variety of topics in a concentrated and planned manner, and most importantly, for the sustainability of the society at large. NGOs play a crucial role in uniting all the communities and sectors of society to fight for a cause, although being independent of any government control or ownership.

You have the chance to make a positive contribution to the development of society through your involvement with an NGO. The Indian government, realising the potential of NGOs, enacted Section 80G as a tax exemption to promote donations to charitable trusts by offering income tax relief.

As long as the charity trust or relief fund you paid to is authorised to provide you with tax exemptions, Section 80G of the Income Tax Act permits you to deduct the amount you contributed to an NGO when filing your income tax return. Depending on the requirements outlined by the Income Tax Act, the assessee may elect to claim a deduction for 50% of the amount donated in lieu of an income tax exemption.

There has been a noticeable shift in the number of people who donate to charities over time. Approximately 203 million Indians donated money in 2015, up from 183 million in 2014, according to the World Giving Index 2016.

Various difficulties have also been more widely noticed at the same time. The government is also making efforts to enhance the accountability and transparency of the funds received by the NGOs, which would boost donors’ faith in charitable trusts.

An NGO’s operations depend heavily on financial contributions. Because of this, NGOs value every single rupee of your donation and do everything in their power to use it to further the causes that matter to them. When you give to Bharoosa Foundaation, you help pay for the education of students at Vidya – Naharpur rupa School, or to feed poor people or to support an athlete who is deprived of essentials. This indicates that you can use the 80G deduction to save money on taxes while also helping for any good cause (which is close to your heart).

It takes a lot of persistence, commitment, and determination to bring about change, as they say. Therefore, we can only effect the change we wish to see by working together continuously. For instance, by contributing to the Mid-Day Meal Program, you are helping children stay in school by reducing hunger. This will produce a well-fed and educated generation that will benefit both their families and the country as a whole. As a result, you benefit from income tax exemption while simultaneously promoting the healthy development of children.

Then wouldn’t it make sense to contribute to a worthwhile cause? Donate Now

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