SERUDS is a Non-Governmental Organization in India, working for the welfare and development of deprived street children, orphans, destitute women, and poor old age people.
How Legal Status of NGO is important in Charity?
1. Builds trust:
The authenticity is very important to know where your donations are being utilized. So if the NGO is a registered one, you will have a kind of trust with the NGO. You will be relaxed knowing that the money is being utilized by for a genuine purpose and you don’t necessarily have to follow up or cross check.
2. Tax Benefits:
In our blog, Tax Benefits in Charity we mentioned about the kind tax deductions are available for the people who make charity. But only if the NGO or organization is registered one. Otherwise, there is no eligibility for the deductions. This is why the legal status of NGO is to be verified before making a charity.
3. Charity to legal NGO bounds an agreement:
Whenever a charity is made to NGO that has a legal status, the donor and the NGO are bounded in a legal agreement and thus the topic of ‘Infringement’ can be made. If the NGO is not a legal one, then the donations made are not counted in terms of the law.
For more info: https://www.serudsindia.org/
1. Builds trust:
The authenticity is very important to know where your donations are being utilized. So if the NGO is a registered one, you will have a kind of trust with the NGO. You will be relaxed knowing that the money is being utilized by for a genuine purpose and you don’t necessarily have to follow up or cross check.
2. Tax Benefits:
In our blog, Tax Benefits in Charity we mentioned about the kind tax deductions are available for the people who make charity. But only if the NGO or organization is registered one. Otherwise, there is no eligibility for the deductions. This is why the legal status of NGO is to be verified before making a charity.
3. Charity to legal NGO bounds an agreement:
Whenever a charity is made to NGO that has a legal status, the donor and the NGO are bounded in a legal agreement and thus the topic of ‘Infringement’ can be made. If the NGO is not a legal one, then the donations made are not counted in terms of the law.
For more info: https://www.serudsindia.org/
No comments:
Post a Comment