Tax Benefits

Tax Benefits

Tax Benefits for Contributions to the Durdharsha Sea Lord Foundation

Donating to the Durdharsha Sea Lord Foundation allows individuals and organisations to make a meaningful impact on society while also benefiting from various tax advantages. These benefits vary depending on the donor's nationality and the type of organisation contributing.

Tax Benefits for Indian Nationals

   - Individual Donors: Donations made to the Durdharsha Sea Lord Foundation by Indian nationals qualify for deductions under Section 80G of the Income Tax Act, 1961. This enables individuals to reduce their taxable income, leading to potential savings in taxes. The exact deduction amount depends on the government-approved percentage applicable to the foundation, typically either 50% or 100% of the donation amount.

   - How It Works: To claim this deduction, Indian nationals need to obtain a donation receipt from the foundation, along with our 80G certificate. The deduction is applicable for donations made via approved payment methods, and individuals can include these details while filing their annual income tax returns.

 2.Tax Benefits for Foreign Nationals

   - Eligibility for Tax Relief: While foreign nationals may not directly receive tax benefits in India for donations to the foundation, they may be able to claim deductions or credits for charitable donations if their home country has a tax treaty or policy allowing for such claims.

   - United States & United Kingdom Donors: For U.S. and U.K. donors, contributions to foreign charitable organisations may be deductible under certain conditions. We recommend consulting a tax advisor or legal professional in your country to understand if these contributions are eligible for deductions under your local tax laws or if specific compliance is needed.

3. Tax Benefits for Corporate Organizations (CSR Eligibility)

   - Corporate Tax Deductions: Indian corporations that contribute to the Durdharsha Sea Lord Foundation as part of their Corporate Social Responsibility (CSR) activities can avail tax deductions under Section 80G. This applies to donations that align with the CSR guidelines defined under the Companies Act, 2013.

   - CSR Compliance: Contributions towards healthcare, education, orphanage support, and social welfare programs provided by the foundation fulfil CSR obligations, enabling corporations to meet their regulatory requirements while contributing to a cause with tangible social impact.

   - Supporting Documentation: Corporates will receive the necessary documentation, including donation receipts and our 80G certificate, which can be presented as part of their annual CSR and tax filings to avail tax benefits.