( August 28, 2018 )
Help is pouring in from all quarters to Kerala and its people after the worst floods in more than a century hit the state. However, as there are many organisations out there lending a helping hand to the flood victims, it could happen that there are a few looking at conning people. So, make sure you donate via genuine aid agencies that are registered. An added benefit of going through such organisations is that you can get a tax break.
According to a PTI report, Union Minister of State for Home Kiren Rijiju said the Prime Minister’s National Relief Fund (PMNRF) accepts voluntary contributions from individuals, organisations and trusts. All contributions towards this fund will get tax benefit under section 80G. “For non-governmental organisations (NGOs), it depends if they have exemption under the Income Tax Act. If so, 80G allows 50 per cent tax benefit”, he said.
The PTI report states that in order to facilitate speedy issue of 80G income tax receipts, donors should provide the transaction details of donations deposited directly in any of the PMNRF collection banks along with the address of the donor through e-mail at [email protected]