Tax Deduction

Indian donors can claim a deduction under Section 80G of the Income Tax Act for contributions made to Samatha-Vipassana Trust.

What is the Mode of Payment?

This deduction can only be claimed when the contribution is made via a cheque, draft, or cash. In-kind contributions such as food, material, clothes, medicines etc., do not qualify for deduction under Section 80G.

Amendment to Section 80G: From financial year 2017-18 onwards, any donations made in cash exceeding Rs 2,000 will not be allowed as a deduction. The donations above Rs 2,000 should be made in any mode other than cash to qualify under Section 80G. Previously, the limit of donation in cash was Rs 10,000.

Eligible Donation Amount: The various donations specified in Section 80G are eligible for a deduction of up to 100% or 50% with or without restriction, as provided in Section 80G. 

How to Claim the Deduction?

To claim 80G Tax deduction Please mention the Below:

Name of the donee: SAMATHA-VIPASSANA TRUST

Date: 03/08/2022 

Unique Registration Number ABCTS6256MF20221

Amount of contribution the breakup of contribution in cash and another mode.

*** Source: https://cleartax.in/s/donation-under-section-80g-and-80gga