We help companies develop powerful corporate social responsibility, grantmaking, and employee engagement strategies. Our impact is about more than moving money to where it’s needed most it’s also about helping nonprofits access information and ideas that will help them listen, learn, and grow.
The reduction or removal of a liability to make a mandatory payment that is otherwise imposed by the ruling power on a property, individual, income, and so on, is known as tax exemption. Having a tax-exempt status may also provide relief from other taxes, offer reduced rates, or tax only on a portion of certain items. Exemption of tax for donations to charitable trusts and NGOs, from property and income taxes for veterans, cross-border scenarios, and so on, are some examples of tax exemption. An important thing that organisations need to keep in mind is that registrations are granted under Section 12A of the Income Tax Act. However, that doesn’t give direct approval for an 80G deduction. This is because Section 80G tax savings by donations apply only to charitable trusts, NGOs, and similar institutions. It doesn’t apply to religious trusts or institutions.
Section 80G Income Tax Act of 1961 is a little different, as it provides tax exemption to charity donors as well. Donations to an NGO under 80G are treated as deductions while calculating the total income of the donor. The recipient of the charity donation gives a receipt of the donation to the donor based on which they get the entitled deduction, provided the NGO or charitable trust is approved under Section 80G. In addition to this, tax exemptions on charity are also applicable, provided the charity organisation is established in India and is operating for charitable purposes in the country.
When you contribute towards the causes and initiatives supported by Narayan Seva Sansthan, you are eligible for a certain tax exemption on your donation to our NGO. This income tax exemption can be claimed only if an NGO registered and validated with the Income Tax Department provides donors with the necessary 80G receipts and 80G certificates that are required by the government.
Case 1: Double transaction or wrong amount entered: –Request mail required to be sent to info@narayanseva.org mail ID with a valid reason. After verifying the details of the transaction and justifying the reason with respect to the gift acceptance policy, the amount as received is refunded and the transaction charges shall be borne by the concerned donor. The said process completes within 30 days of the date on which ‘the request mail’ has been received.
Case 2: If any transaction is cancelled by the user during the processing period and the amount is not credited to the account of the Sansthan but has been debited from the user account:- Narayan Seva Sansthan is not at all responsible for a refund for the same. The matter has to be resolved by the user with their bank/merchant. The Organization shall resolve the matter up to the extent of its limit. For this, the donor is kindly requested to email their concern to Sansthan at info@narayanseva.org.
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