Hi! I am not too sure of your modus operandi in tax exemption claim. As of now donations made to TMAD are not exempted from Income Tax. Only after we get a certificate under 80G of the act we can do so. Till such time it is just an expense for any of those donors. Further 100% of the donation is not exempt. Only 50% is exempt. In case of PM relief Fund, Gujarat Earth Quake Relief Fund etc, one would get 100%. Pl correct if I am wrong. Regards, Sivanand
On Tue, May 26, 2009 at 12:38 PM, pavan kumar <[email protected]> wrote: > > > Hi All, > > Update from Praveen (friend of Rama Laxmi) on 25/05/09: > ---------------------------------- > Hi Pavan, > She may go for operation next week as she was affected with infection in > her nose and throat now. > We have collected around 8.5 lakhs now and still we may need another 8 to 9 > lakhs for her complete recovery. (including her post BMT side effects and to > support her for atleast 1.5 yr) > > Please let me know if you want any further information. > > Best Regards, > Praveen > ------------------------------------------ > > As per his mail, she needs Rs.16L for complete recovery. If Sharath gives > guidance to them, they may save some amount. Sharath will talk to either > Rama Laxmi or Praveen (0961182334 mail: [email protected]) > > Blr contributions: > MANAM Team: 13k > others: 22k > Total: 35k > Pa1 already sent to Praveen 10k, so remaining amount with Pa1 is Rs.25k. > Sampath P dropped check Rs.5001 to TMAD a/c yday. > Hyd team: ? update by Prasanthi > > > Tax Exemption: > If I donate Rs. 100 to any registered NGO under Tax exemption 80G, I need > to submit the same receipt to Income Tax department while filing returns > (July or Aug). By that time, I paid tax as per my salary. After submitting > this form I am eligible to get the tax exemption for Rs. 100. As this Rs.100 > is not excluded infrom my taxable income, I will get Rs.15 (100/2 > *0.3)returns from IT department. Like this way I submitted receipts of TMAD > contributions Rs.10k to other NGOs which is in favor of my name last year > (July 2008) but I haven't recieved any returns so far from IT department. > Our Finance department informed me about the same. > > If we donate to PM fund, we can claim the same before March end. > > If anybody knows more information, please share with me. > > If we send our contributions for Rama Laxmi through Registered NGO, is > there any possibility to get returns or not? Decide the best way to send > our contributions. If there is no returns, then we can directly deposit > our contribution to her a/c. > > Pls, let us know ur suggestions/comments. > > Regards, > Pa1. > 9880692680 > > > >
