Donation News

Saving On Taxes By Resorting To Fake Donations And Deductions May Soon Be A Thing Of The Past With The Income Tax Department Now Assessing Income Tax Returns (Itrs) Using Artificial Intelligence (Ai). The Department Is Currently Conducting Reassessments Of A Significant Number Of Income Tax Returns. Specifically, It Is Placing Emphasis On Cases Where Taxpayers Have Claimed Deductions For Donations Made To Charitable Trusts And Political Parties During The Fiscal Year 2019.

Tax evasion is a big problem in India. Those who can, exploit loopholes in existing rules to avoid paying taxes. One such loophole is the tax exemption status of charitable trusts which the tax department suspects is being used by the salaried, self-employed and businesses to evade taxes. As a result, the Central Board of Direct Taxes has decided to tighten the norms for charitable, religious, and educational trusts. Watch to find out the details.

The toddler girl from Delhi who lost her life after suffering a fall from the first floor of her house, saved the lives of five patients as her heart and other organs were donated to them

The simple mission of Donorbox is to 'provide nonprofits with simple, effective tools to manage their fundraising activities and connect with donors on a deeper level'.

Assam to launch mega campaign for plasma donation; return flight tickets, accommodation for donors from outside state

Donations received from specific charitable organizations are not taxable

Due to the coronavirus-induced lockdown, blood reserves in the state have declined as blood donation camps were not organized on a large scale to avoid crowds and prevent infection

Individuals are not at risk of contracting the virus through the blood donation process, the govt clarifiesCompliance with social distancing norms and fear of infections have led to the cancellation of blood donation camps and lower turnout at operating camps, leaving blood banks in the lurch

Nationally, the BJP has declared that it received ₹437.04 crore from nearly 3,000 donations while the Congress declared receiving ₹26.65 crore from 777 donationsCongress workers say that they are reluctant to mobilise funds without holding any post as it could be for nothing if the leaders favour someone else

Ortega had come under fire from the anti-establishment platform Podemos for his donations of expensive cancer-treatment machines to public hospitalsOrtega, who controls the Zara clothing chain, set up a six-year program in 2015 to donate 310 million euros ($347 million) to the public health system