NOW ALL DONATIONS MADE TOWARDS A NOBLE CAUSE TO SPEAKING EYES FOUNDATION TRUST ARE ELIGIBLE FOR INCOME TAX EXEMPTIONS

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SPEAKING EYES FOUNDATION is provisionally registered u/s 12A vide Unique Regn. No. ABDTS1430NE20241 and u/s 80G (5) vide Unique Regn. No. ABDTS1430NF20241 both dated 28.08.2024. of the I.T. Act, 1961 (S.s.H)

FREQUENTLY ASKED QUESTIONS ABOUT DONATIONS

What is Income Tax Exemption in India? How does it work?

Tax exemption is the deduction allowed by law that lowers the taxable income. Tax exemptions are offered to boost certain economic activities and to promote socially beneficial activities. One can gain complete relief from tax or avail decreased tax rates on a certain portion of your income, according to various provisions of the Income Tax Act for different types of income.

You can claim tax deductions on the donations made to Speaking Eyes Foundation as the same is duly registered as Charitable Trust under Section 80G of the Income Tax Act, 1961. Not only that, helping those in need of your support specially a Blind Orphan Girl Child, also makes you eternally happy and extremely satisfied.

Section 80G of the Income Tax Act, 1961 offers tax deductions to the charitable trust as well as the associated donor, provided the same is registered under the Act. Speaking Eyes Foundation is duly authorised to receive Donations against proper Receipts. You can avail the deduction by presenting the receipt of the donation to the Tax Authorities/IT Returns

Donations above ₹1,500 to any of the charity programs under Speaking Eyes Foundation will be eligible for a 50% deduction from one’s taxable income under Section 80G of the Income Tax Act. By contributing to Speaking Eyes Foundation you will help the orphaned blind girl children and also benefit yourself with tax deductions.

The maximum limit for deduction depends on the category of donation. In some cases, the maximum limit for the deduction is not set; while in some others, 80G deductions can be claimed up to a limit of 10% of the adjusted gross total income of the donor. Speaking Eyes Foundation ensure to issue proper and mandated receipts acknowledging any amount of Donations.

Yes, your tax receipts will be mailed to you within THREE working days of making the donation. Apart from the Tax Receipts, you will receive the tax exemption certificate via Email from Speaking Eyes Foundation within SEVEN working days of the acknowledgement of your donation. Hard Copies of both are also sent through Post, as and when demanded and requested.

Cash donations above ₹2,000 are not applicable for 80G certificates.

We may not be able to provide you with a duplicate receipt. But on your written request with plausible reasons, we can send you a copy of the Income Tax exemption certificate along with the soft copy of the receipt for the same financial year as the donation.

NRI (Non-Resident Indian) donors, who are Indian citizens holding an Indian passport, are eligible for tax exemption under Section 80G of the Income Tax Act. However don’t forget to mention your Indian PAN Card Number on the online donation form to avail the tax benefits. You can also write us at speakingeyesfoundation@gmail.com for any further queries.

Yes, you can claim a deduction under Section 80G through your employer. For that, you will need a certificate from your employer stating that such a donation has been made from your salary.

It is advisable that Taxpayers should have all the following documents to claim deductions under Section 80G

  • The receipt of donations made to Speaking Eyes Foundation.
  • Photocopies of 80G Certificate.
  • Registration number of the Speaking Eyes Foundation.

Yes, you can claim a deduction under Section 80G through your employer. For that, you will need a certificate from your employer stating that such a donation has been made from your salary.

When you donate to Speaking Eyes Foundation, the benefit can be availed by reducing 50% of the donated amount from your taxable salary. For instance, if your taxable income per year is ₹5,00,000 and you make a donation of ₹50,000,then your net taxable income will become ₹4,75,00 (i.e. ₹5,00,000 – 50% of your donation). Your income tax will now be calculated on this reduced taxable income based on the prevailing tax rates.

We, at Speaking Eyes Foundation.will provide an Individual/Company with an 80G Certificate and Utilisation certificate for the CSR donations made.

Cash donations upto ₹2,000 are applicable for 80G certificates. If you wish to contribute more than ₹2,000, it has to be in any mode other than cash to qualify for 80G deductions.

Yes. We, at Speaking Eyes Foundation would duly provide an Individual/Company with an 80G Certificate and Utilisation certificate for the CSR donations made.

All utilisation certificates will be provided to the donor at the end of the financial year.