Description
Did you know that when you donate to a registered NGO, you can get a donation tax exemption? That means a part of your donation amount is deducted from your taxable income, making giving back even more rewarding. Organisations like Bal Raksha Bharat (also known as Save the Children India) work for child welfare, and when you support them, you not only help less privileged children but also enjoy tax benefits. It is an ideal situation where you make a difference while also saving on taxes.
To claim a donation tax exemption, ensure that the NGO is registered under Section 80G of the Income Tax Act. You will receive a receipt with the details needed to file your taxes. The process is simple and encourages more people to give generously. So, if you have been thinking about making an impact, now is the perfect time to contribute to a cause like child education, healthcare, or nutrition.