Wednesday 14 October 2015

Contribute Charity and Benefit from Sec 80G of Income Tax Act

As a donor helps the underserved with his donations, so does he benefits with tax exemption under Sec 80G of Income Tax Act. It makes a donor eligible for tax exemption for his contribution towards a charitable organisation. Many non-profit organisations come under this Act and make these organisations eligible to provide tax exemption certificates to its donors. This arrangement has a dual benefit: the beneficiaries receive the needed support and the donor receives support in the form of tax exemption. One such organisation is The Akshaya Patra Foundation, a mid-day meal programme implementer operating as a NGO in Uttar Pradesh, Assam, Odisha, Karnataka, Chhattisgarh, Rajasthan, Gujarat, Andhra Pradesh, Telangana and Tamil Nadu. This non-profit organisation serves mid-day meal to over 1.4 million children in 24 locations across the mentioned states of India. Through the mid-day meal programme, the organisation aims to provide unlimited food for education to children so as to benefit these young citizens with the goodness of nutritious meals and rightful education.

Here is a small snippet that will bring forth the significance of your support. Machala is a 14-year old beneficiary of the NGO in Uttar Pradesh. A resident from a Mathura village she is a specially-abled child. Yet her mother, Ramvati, the sole bread-winner of the family, supports Machala and encourages her to go to school with the firmness that her daughter is no different from a regular child. Ramvati is aware of the nutritious meal that is provided at school and that’s why she even more encourages Machala to attend school with her younger sister Neetu. The girls are aware of the unfavourable financial condition being faced by the family especially after losing their father few years ago. Machala is a bright and lovely girl with an honest smile, who is probably unaware that her mental abilities are slightly different from her friends. But, attending school has had a positive influence on her and she interacts with all her classmates. Her teachers also appreciate her as a smart child. It is a case of determined parent that has allowed Machala’s progress despite difficulties thereby reinstating parents’ role in child’s education. Along with supportive parents when children are served with freshly cooked wholesome meals it further benefits children in their overall development. And this is what the non-governmental organization in Uttar Pradesh does by providing freshly cooked nutritious meal to children totalling over 1,50,000 beneficiaries across the state.
There are many such transforming stories of children who has benefitted tremendously with your generous contribution. At the same time, as a donor you benefit by being eligible for tax exemption. You can choose to either donate in honour of someone, on your birthday, wedding or on any other occasion. What best than offering charity by choosing to donate in honour of someone thereby helping children and at the same time receiving the benefits of Sec 80G of Income Tax Act. Step forward and provide food to underserved children.

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