nitin's blog

nitin's blog http://ngoconsultancy.in/80g/blog/5 en tax deduction under section 80G for donations towards social causes http://ngoconsultancy.in/80g/tax-deduction-under-section-80g-donations-towards-social-causes <h1> </h1> Have you donated money for charity, social or philanthropic purposes, or, have made contributions towards a National Relief Fund? If yes, then you could use these donations to reduce your tax outgo. The Income Tax Act encourages charitable deeds towards the poor and needy, and offers donors tax benefits under Section 80G. <a href="http://www.ngoconsultancy.in">ngo consultancy</a> http://ngoconsultancy.in/80g/tax-deduction-under-section-80g-donations-towards-social-causes#comments Fri, 12 Oct 2012 07:13:27 +0000 nitin 53 at http://ngoconsultancy.in/80g crystal consultancy http://ngoconsultancy.in/80g/crystal-consultancy <h1> </h1> We provide information and professional advice on important aspects of government policy initiatives for development through the following instruments, to assist organizations and NGO’s involved in various development activities and strengthen the efforts. We provide services in the following fields:NGO, Trust, Firm, Society, Cooperative Society, Company, Projects etc. <a href="http://ngoconsultancy.in/80g/crystal-consultancy" target="_blank">read more</a> http://ngoconsultancy.in/80g/crystal-consultancy#comments Fri, 12 Oct 2012 06:57:35 +0000 nitin 52 at http://ngoconsultancy.in/80g 80G income tax exemption http://ngoconsultancy.in/80g/80g-income-tax-exemption <h1> </h1> NGOs can avail income tax exemption by getting itself registered and complying with certain other formalities, but such registration does not provide any benefit to the persons making donations. The Income Tax Act has certain provisions which offer tax benefits to the "donors".<a href="http://www.ngoconsultancy.in">ngo amendmen</a>tshould avail the advantage of these provisions to attract potential donors. Section 80G &12A is one of such sections. <a href="http://ngoconsultancy.in/80g/80g-income-tax-exemption" target="_blank">read more</a> http://ngoconsultancy.in/80g/80g-income-tax-exemption#comments Fri, 12 Oct 2012 06:50:17 +0000 nitin 51 at http://ngoconsultancy.in/80g conditions to apply to 80G http://ngoconsultancy.in/80g/conditions-apply-80g-0 <h1> </h1> The NGO should not have any income which are not exempted, such as business income. If, the NGO has business income then it should maintain separate books of accounts and should not divert donations received for the purpose of such business. The bylaws or objectives of the NGOs should not contain any provision for spending the income or assets of the NGO for purposes other than charitable. <a href="http://www.ngoconsultancy.in">ngo registration</a> http://ngoconsultancy.in/80g/conditions-apply-80g-0#comments Fri, 12 Oct 2012 06:41:41 +0000 nitin 50 at http://ngoconsultancy.in/80g 80G for ngo consultancyand trust http://ngoconsultancy.in/80g/80g-ngo-consultancyand-trust <h1>80G for ngo consultancy and trust</h1> 80G - Income Tax Exemption NGO can avail income tax exemption by getting itself registered and complying with certain other formalities, but such registration does not provide any benefit to the persons making donations. The Income Tax Act has certain provisions which offer tax benefits to the "donors". ngo amendment should avail the advantage of these provisions to attract potential donors. Section ngo consultancy is one of such sections. <a href="http://ngoconsultancy.in/80g/80g-ngo-consultancyand-trust" target="_blank">read more</a> http://ngoconsultancy.in/80g/80g-ngo-consultancyand-trust#comments Fri, 12 Oct 2012 06:29:46 +0000 nitin 49 at http://ngoconsultancy.in/80g 80g Reviews http://ngoconsultancy.in/80g/80g-reviews <h1>80G Reviews</h1> A website 80G review is designed to be positive feedback or overall constructive criticism that will help others in the website experience. The website review is not a forum for complaints or negativity. If you do need to post a negative comment, we ask that you also list a positive experience for the website. <a href="http://ngoconsultancy.in/80g/80g-reviews" target="_blank">read more</a> http://ngoconsultancy.in/80g/80g-reviews#comments Fri, 12 Oct 2012 06:14:33 +0000 nitin 48 at http://ngoconsultancy.in/80g What is 100% Tax exemption http://ngoconsultancy.in/80g/what-100-tax-exemption Every donation made to CRY is eligible to a 100% tax exemption under section 80GTo avail of the same you must specify at the time of making a donation that you wish to claim a 100% exemption. <a href="http://www.ngoconsultancy.in"> ngo consultancy</a> http://ngoconsultancy.in/80g/what-100-tax-exemption#comments Fri, 12 Oct 2012 05:02:13 +0000 nitin 47 at http://ngoconsultancy.in/80g Conditions to be satisfied http://ngoconsultancy.in/80g/conditions-be-satisfied   1-      Donation must be paid in money and not in money’s worth: - the deduction is allowed if the donation is made in monetary terms it means either cash or cheque or demand draft. Deduction won’t be allowed if the payment is any kind of nature explained in 5 of section 80G of income tax. 2-      The donation may be paid either out of taxable or exempted income: - taxability of the source of the donation is not relevant. <a href="http://ngoconsultancy.in/80g/conditions-be-satisfied" target="_blank">read more</a> http://ngoconsultancy.in/80g/conditions-be-satisfied#comments Wed, 10 Oct 2012 11:58:22 +0000 nitin 46 at http://ngoconsultancy.in/80g Keeps following in mind while making donations http://ngoconsultancy.in/80g/keeps-following-mind-while-making-donations   <p style="margin-top: 0px; margin-bottom: 0px; list-style: none; border: none; vertical-align: baseline; outline: none; color: rgb(76, 76, 76); font-family: Arial; font-size: 15px; line-height: 25.5px; background-color: rgb(255, 255, 255); ">1. Ensure that the fund /institution is approved by the Income tax department for deduction under this section. For check this, please ask for a photocopy of 80G eligibility certificate from the fund/institution. <a href="http://ngoconsultancy.in/80g/keeps-following-mind-while-making-donations" target="_blank">read more</a> http://ngoconsultancy.in/80g/keeps-following-mind-while-making-donations#comments Wed, 10 Oct 2012 07:15:15 +0000 nitin 45 at http://ngoconsultancy.in/80g Claiming 80G deduction through employer permissible http://ngoconsultancy.in/80g/claiming-80g-deduction-through-employer-permissible As per clarification provided on Income Tax department website, deduction under Section 80G can be claimed through employer only in case of contribution to the institutions specified. http://ngoconsultancy.in/80g/claiming-80g-deduction-through-employer-permissible#comments Wed, 10 Oct 2012 07:11:54 +0000 nitin 44 at http://ngoconsultancy.in/80g