Things to keep in mind while donating towards charitable causes
I have been working as an accountant under CA for the last 10 years. All these years I have handled income tax and sales tax filings for several people and businesses. From my experience, I would like to share some of the things that you should be aware of before making charitable donations. 1. You should choose the organisation wisely. Ensure that they have the license to function and the government approval to get donations for children . 2. It will be good to check about their previous projects and how successful they were in utilising funds towards the specified cause. 3. Make sure that the modes of payment available are safe and secure. Things to be noted to get a tax deduction 1. If you are a taxpayer you are automatically qualified to claim a tax deduction under Section 80G. You need to either be a resident Indian or a non-resident Indian (NRI) with an Indian passport. In both cases, you should have a taxable income in India to qualify for an exemption. 2. Make sure the orga