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Donation to Blind Persons’ Association

Thank you for thinking of donating to Blind Persons’ Association. It will help us continue our services to the blind people. Your donation is eligible for deduction from taxible income under Section 80G and 35AC of the Income Tax Act, 1961. Your contribution will qualify for tax exemption u/s80G (5)(VI) of the Income Tax Act, 1961 vide Order M. No. DIT(E)/8E/353/83-84/6951-53 Dated 29.11.2011 and 80G certificate validity is permanent.

Donation made exclusively to the braille press project is eligible for 100% deduction from taxible income under Section 35AC of the same Act vide Notification No. S.O. 3455(E) Dated 17.12.2015 for a period of 3 years. Salaried taxpayers will enjoy the same benefit of cent percent tax exemption u/s80GGA.

Foreign donors may contribute to the fund of this Association under the Foreign Contribution Regulation Act (FCRA), 1976, and our Registration Number is 147120718 Dated 22.08.2005. Please note that this registration is now under process of renewal and we have to wait for the process to complete.

Cheques or demand drafts should be drawn in favour of Blind Persons’ Association payable in any scheduled bank in Kolkata and may be sent to

Blind Persons’ Association
6B, Panchanantala Road, 2nd Floor,
Kolkata — 700029.

For any queries, contact
Shri Anupam Chakraborty (Secretary) on +91-9433525156, or,
Shri Sukanti Majumdar on +91-9432128493.

Details of Bank Account

You may send donation by NEFT directly to our bank account. The details are as follows:

Account Holder Blind Persons’ Association
Bank & Branch United Bank of India, Garia Branch
P-123, Raja S. C. Mullick Road, GARIA
KOLKATA — 700084
Savings Bank Account Number 0143010101125
IFS Code UTBI0GRA144

Please remember that you must send us by email your name, address, PAN (if possible) along with your transaction ID, date and amount immediately after the donation. We need this information for
1. Sending you a valid receipt, and
2. Saving Income Tax chargeable on anonymous donation at 30%.

Income Tax Exemption on Donation

The Government of India has made several provisions in the Income Tax Act for offering tax relief to donors whose contributions help in promoting social welfare activities. Our organisation has obtained the benefits of section 80G and 35AC of the Income Tax Act, 1961.

Tax Exemption on Donation under Section 80G

Blind Persons’ Association is registered under section 80G(5)(VI) of the Income Tax act, 1961. Only a few government funds such as the Prime Minister’s Relief Fund, Nehru Children’s Fund etc. are registered under section 80G. All other organisations, NGOs in particular, are registered under section 80G(5)(VI) of the said Act.

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. While computing the deductible amount under section 80G, first the aggregate of the sums donated has to be calculated. Then 50% of the donated amount has to be found out and it should be limited to 10% of the gross total income. If such amount is more than 10% of the gross total income, the excess will be ignored.

Let us make it clear through an example. Suppose, your gross annual income for the current financial year 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 actual tax benefit depends on the rate of income tax. In this particular case the tax rate is 10%. The actual benefit in terms of tax will be Rs. 4,000. The qualified amount of Rs. 40,000 should be entered in the section devoted to deductions under Chapter VI-A in the income tax return form. This facility is available to all taxpayers including individuals, companies and any other organisation. The money receipt should contain the PAN of the donee organisation, order number and date.

With effect from 1 April, 2013 donations exceeding Rs. 10,000 must be made other than in cash in order to be eligible for deduction. From 1 April, 2017 80G tax exemption limit in cash will be Rs. 2,000.

Tax Exemption on Donation under Section 35AC

The Government of India approves of certain project or schemes for the benefit of section 35AC of the Income Tax Act, 1961 after a careful scrutiny by the National Committee for Promotion of Social & Economic Welfare, Dept. of Revenue, Govt. of India, North Block, New Delhi – 110001. Under section 35AC, organisations having income from business or profession can get 100% deduction. Individual assessees enjoy the same benefit under section 80GGA of the Income Tax Act, 1961.

This tax facility is project-specific. Donation made exclusively for the Braille and library development project of Blind Persons’ Association at Vidyapalli, Malancha-Mahinagar, Kolkata – 700145 is eligible for the benefit of 35AC.

Facility of section 35AC is available to assessees who have income under the head Business or Profession. For the assessees who do not have income from business or profession, section 80GGA provides for deduction on donations made to eligible projects under section 35AC. 100% deduction is available under section 80GGA, subject to the available gross total income under section 80A. Therefore, unlike section 35AC, deduction under section 80GGA cannot be carried forward in the form of losses to next year . It implies that contribution cannot exceed the gross total income of the assessee according to section 80A.

In the illustration above, the sum of Rs. 1,00,000, if donated under section 35AC (or section 80GGA, as the case may be) for the Braille press and library development project of Blind Persons’ Association, will be entirely eligible for deduction from taxable income. Since the tax rate is 10% for the current year, the tax benefit will be Rs. 10,000 (10% of Rs. 1,00,000). If it is under section 80GGA, entry in the income tax return form should be similar to 80G, i.e. in the column for deductions under Chapter VI-A. Under section 35AC the certificate issued by the donee organisation must be in form 58A. The same certificate will be sufficient for provisions of section 80GGA. If the donation is in kind, the certificate should be in form 58B.

Projects for Donation

We conduct three blind schools and a Braille press and library in different districts of West Bengal. Besides, we record talking books for blind students and people with some form of print disability. Your charity will help us in maintaining these services.

You may also consider making a donation to our corpus fund. This contribution to corpus fund will be reserved as laid down under Section 11(1)(d) of Income Tax Act, 1961 . Simply send a letter with your specific direction that you have made this donation to the corpus fund of Blind Persons’ Association.

 

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