100% Tax Deduction for Donations to Akshaya Patra:
Donations to Akshaya Patra are eligible for 100% deduction under Section 35 Ac / 80 GGA of the Indian Income Tax. Under Section 35 AC of the Income Tax act, the Central Government - on recommendation from the National Committee for the Social & Economic Welfare - has notified the Project “ Mid-Day Meal scheme run by The Akshaya Patra Foundation “ as an eligible project for the allowing 100% deduction of the contribution made by the Assessee.
By donating to Akshaya Patra, not only you will help in feeding children, but also help your selves with 100% Tax deduction benefit.
This is an additional advantage of donating to Akshaya Patra as most of the donation to other NGO qualifies for only 50% deduction under Section 80 G of the Income Tax act.
Once you have made the donation, a receipt of the same and a 100 per cent Tax Exemption Certificate along with a ‘Thank you’ letter will be sent to you via courier or post. The certificate and receipt which will reach you within 10 days of making the donation can be used to avail 100% tax exemption for the respective financial year.