80G Tax Exemption Information
YWCA of Bombay is a registered charitable organisation. All donations made to YWCA of Bombay are eligible for tax exemption under Section 80G of the Income Tax Act, 1961.
What is 80G?
Section 80G of the Indian Income Tax Act allows donors to claim a deduction from their taxable income for donations made to specified charitable institutions. This means your donation to YWCA of Bombay can reduce your tax liability.
Tax Benefit Details
- Donations to YWCA of Bombay qualify for 50% deduction from taxable income.
- The deduction is available to individuals, HUFs, companies, and other taxpayers.
- Applicable up to the limit of 10% of the gross total income of the donor.
- Both cash and online donations are eligible (cash donations above Rs. 2,000 are not eligible for deduction).
How to Claim
- Make a donation to YWCA of Bombay via our website or directly.
- You will receive an official 80G receipt with our registration number.
- While filing your Income Tax Return, declare the donation under Section 80G.
- Attach the 80G receipt as proof of donation.
Required Information on 80G Receipt
As per the provisions of the Indian Income Tax Act, a receipt is required to be given to the donee. Complete details like the name, address, PAN, and Aadhar (if available) of all such individuals should be mentioned on the receipt. Deductions are allowed up to the end of the current financial year. The name, address, PAN, and Aadhar of available of all such individuals must be filed along with the return of income for claiming deductions.
Our 80G Registration
YWCA of Bombay holds valid 80G registration. For a copy of our registration certificate or for any queries regarding tax exemption, please contact us at: gs.ywcabombay@gmail.com
Disclaimer
Tax benefits are subject to changes in tax laws and regulations. We recommend consulting a tax advisor for specific guidance on claiming 80G deductions. All donations are tax-exempt as per Section 80G of the Income Tax Act. Providing 80G provisioning info is essential.