TAX EXEMPTION ON DONATIONS UNDER SECTION 80G

Charity is not just about making a difference in society; it is also an opportunity to reduce your taxable income through tax exemptions. The Government of India encourages donations to registered organizations by offering tax benefits under Section 80G of the Income Tax Act.

What is Section 80G?

Section 80G of the Income Tax Act allows individuals and companies to claim a deduction for donations made to eligible organizations. This deduction reduces the taxable income of the donor, providing them financial benefits while supporting social welfare.

Tax Benefits for Donations to CM SAMAJ SEVA FOUNDATION

CM SAMAJ SEVA FOUNDATION is a registered organization and is approved under Section 80G of the Income Tax Act. This ensures that all eligible donations to the foundation qualify for tax exemptions.

By contributing to CM SAMAJ SEVA FOUNDATION, you are not only supporting causes like education, healthcare, women empowerment, and community development, but you are also reducing your taxable income. Our foundation is committed to using your contributions transparently and effectively to create a positive and lasting impact in society.

Eligibility for Tax Exemption

Individuals, Hindu Undivided Families (HUFs), and companies can claim deductions under Section 80G if they:

• Donate to a registered and recognized charitable organization like CM SAMAJ SEVA FOUNDATION.
• Provide proper documentation, such as the donation receipt issued by the organization.
• Make donations through non-cash modes for amounts exceeding ₹2,000.

Documents Required for Claiming Tax Benefits

To claim tax benefits under Section 80G, please ensure you have the following documents:

• Donation Receipt: A stamped receipt from CM SAMAJ SEVA FOUNDATION containing the donor's name, donation amount, PAN of the organization, and Section 80G registration details.
• Certificate: The foundation's 80G certificate details for verification.

Tax Exemption Limits

The extent of deduction depends on the type of donation:

• Donations with a 100% deduction limit, such as contributions to certain government funds.
• Donations with a 50% deduction limit, applicable to many charitable organizations, including CM SAMAJ SEVA FOUNDATION.
• Certain donations may be subject to a maximum cap of 10% of the donor’s adjusted gross income.

Steps to Claim Tax Benefits

Follow these steps to claim your tax benefits:

1. Donate to CM SAMAJ SEVA FOUNDATION through an approved payment mode.
2. Collect your donation receipt and ensure it includes all the required details.
3. File your income tax return, mentioning the donation amount under Section 80G deductions.
4. Retain the receipt and other documents for your records in case of tax scrutiny.

Why Donate to CM SAMAJ SEVA FOUNDATION?

At CM SAMAJ SEVA FOUNDATION, we ensure that your donations are used transparently and effectively to support impactful social causes. With tax exemptions under Section 80G, your contributions go even further in making a difference.

For any queries about tax exemptions or the donation process, feel free to contact us.