Tag: tax friendly donations
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10 FAQs on tax savings and 80G deduction on your charitable donations
IN India’s philanthropic landscape, great change happens when compassionate individuals and trailblazing NGOs come together. At the heart of this relationship is the desire to make the world a better place. In addition to this noble endeavour is also the ability of citizens to contribute to social causes while enjoying substantial tax benefits in the…
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How is a money donation different from volunteering my time or skills to NGOs?
IN the realm of philanthropy, the act of giving takes various forms with each carrying its own set of benefits and impacts. In addition to compassionate individuals donating their time, skills or goods to NGOs, there is a distinctive and transformative power in contributing through financial means through a money donation to an NGO fundraiser.…
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How your donations help people in natural disasters
DONATIONS play a major role in ensuring that emergency care and supplies reach people who need it, when natural disasters strike. India, a land of diverse landscapes and rich cultural heritage, is no stranger to the wrath of natural disasters. The country experiences a spectrum of calamities including floods, cyclones, earthquakes, droughts and more, leaving…
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The power of monthly donations: volunteering beyond borders
REGULAR donations can often take the place of routine hands-on volunteering, especially in a world where time is a luxury and skills are diverse. However, the desire to make a difference, contribute to social causes and uplift the underprivileged is inherent in many. This is where regular and monthly donations to NGOs emerge as a…
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Unlock the tax benefits with 80G tax deduction
ARE you aware of an 80G deduction and its significant tax benefits while supporting NGOs and their noble causes? This comprehensive guide will delve into the intricacies of Section 80G of the Income Tax Act, 1961, and how it can serve as a powerful tool for reducing your taxable income while contributing to society. Understanding…
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5 Reasons to include donations in your tax planning
IT’s tax season and honestly it is no one’s favourite time of the year. And you, most probably are looking for ways on how to save tax. There are several ways that the tax man lets you do this. Providing for your family and safeguarding your future is one way. Tuition fees, home loan interests,…
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3 Reasons why donations should be a part of your financial plan
It is that time of the year when everyone is setting out or in the process of planning for their taxes. While we were thinking of how best to grow our base of committed and smart donors, Sqrrl, a fintech company approached us for a partnership. Their app helps people across the country with goal-based…