Nagpur :- March 2023 is going to end in some days and so the financial year. And, in this time, tax payers workout their annual income and income tax payable.
In this process, often they get advice to plan their tax through a Donation to an NGO or a Political Party.
But, how do they fall for TaxSavingTrap?
Well, they ignore following important conditions:
– Donation should be through Bank account transfer only.
– Get a valid receipt from an NGO/ Political Party showing their Tax Saving Registration Number (80G), PAN, a unique receipt number, and bank transfer details.
– And most importantly, they don’t verify if the NGO has an active, valid tax exemption certificate.
But, how can you verify that NGO is not a fraud and is actually a registered under income tax ?
Simple, just visit this official link and provide details you get from donation receipt.
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