Section 80G Minimum Donation: No such Requirement Eligible Person: Every person whose income is taxable under Income Tax Act,1961 Under this section 50% of your donation to our fund shall qualify for exemption from income tax. Moreover, the qualifying amount must not exceed 10% of your gross income. Let us make it clear through an example. Suppose, your gross annual income for the current financial year (2010-2011) is Rs. 4,00,000. You donate to our Association the sum of Rs. 1,00,000. In this case 50% of your donated amount, i.e. Rs. 50,000 will qualify for tax exemption. However, this qualifying amount must not be above 10% of your total income, i.e. Rs. 40,000. So, in this instance, the actual amount eligible for deduction from income will be Rs. 40,000. The other important change made by the Finance Act, 2012 donation in excess of Rs. 10,000/- under section 80G should be made through account payee bank transfers.
80G is applicable for all
As per the amended rules once an orgainisation is registered as charitable institution will remain forever unless it is specifically withdrawed by Government. Anand Jivan Foundation Trust is a charitable Institution and 80G certificate is valid for perpectual life.
The Proof of Donation depends on how you donated. Eg. Directly Deposited in Bank: Pay in Slip given by Bank(Customer Copy) which mentions Deposite Date, Amount, Cheque No(If any), Issuer bank name(If any), Branch Name. Net Banking/online fund transfer : Extract of your bank statement or Print of Transaction Amount Given to our representative: Issued Provisional Receipt
You will receive it within 10 days from the date we receive the proof of donation.
You will need to mail the greviance at ‘info@ajmsbihar.org’ with the refrence of the previous mails (if Any) and proof of donation.
No, We will issue Separate Donation Certificate for each Donation.
Kindly mail at info@ajmsbihar.org or else you can call us on our help line number+919155751363.
Anand Jivan Foundation Trust was established on 06th April 2023.
