80G & 12A TAX EXEMPTION POLICY

Giridham Art and Culture Foundation

Last Updated: 09/02/2026

Giridham Art and Culture Foundation is a registered non-profit organization working towards the promotion of art, culture, education, social welfare, and community development initiatives.

This policy outlines the tax exemption status of the Foundation under the Income Tax Act, 1961.

1. 12A Registration (Income Tax Exemption to NGO)

The Foundation is registered under Section 12A of the Income Tax Act, 1961.

Purpose of 12A Registration

12A registration grants income tax exemption to the NGO itself on surplus income applied towards its charitable objectives.

This means:

  • Income utilized for charitable purposes is tax-exempt.

  • The Foundation operates on a not-for-profit basis.

  • Funds are deployed strictly for social, cultural, and welfare activities.

2. 80G Registration (Tax Benefit to Donors)

The Foundation is registered / has applied for registration under Section 80G of the Income Tax Act, 1961 (select applicable status).

Donor Tax Benefits

Donations made to the Foundation are eligible for tax deduction under Section 80G, subject to:

  • Valid 80G Registration

  • Donor PAN submission

  • Proper donation receipts issued

  • Compliance with Income Tax rules

Donors can claim deduction while filing Income Tax Returns as per applicable limits.

Deduction Structure (General Rule)

  • 50% deduction of donated amount (standard NGOs)
    OR

  • 100% deduction (if specifically notified)

(Exact eligibility depends on approval order.)

3. Mandatory Donor Details for 80G Receipt

To issue a valid 80G tax exemption receipt, donors must provide:

  • Full Name

  • Address

  • PAN Number

  • Email ID

  • Contact Number

  • Donation Amount & Date

  • Payment Mode & Transaction ID

Receipts without PAN may not qualify for tax deduction.

4. Mode of Donations Eligible for 80G

As per Income Tax rules:

Eligible Modes:

  • Bank Transfer

  • UPI

  • Cheque / Demand Draft

  • Online Payment Gateway

Not Eligible:

  • Cash donations exceeding ₹2,000 (as per prevailing tax rules)

5. Issuance of Donation Receipts

Official donation receipts shall include:

  • NGO Name & Address

  • PAN of NGO

  • 80G Registration Number

  • Validity Period

  • Donor Details

  • Amount (in words & figures)

  • Payment Mode

  • Authorized Signature & Seal

Receipts are issued digitally or physically after payment realization.

6. Utilization of Donations

All donations received under 80G are utilized strictly for:

  • Cultural preservation programs

  • Art promotion initiatives

  • Educational & training programs

  • Tribal & rural welfare activities

  • Community development projects

  • Charitable outreach programs

Funds are audited as per statutory compliance norms.

7. Compliance & Transparency

The Foundation maintains:

  • Audited financial statements

  • Donation registers

  • Utilization reports

  • Statutory filings

These may be disclosed to authorities or donors where legally required.

8. Disclaimer

Tax exemption benefits are subject to:

  • Validity of 80G registration

  • Compliance with Income Tax Act provisions

  • Donor’s individual tax assessment

The Foundation shall not be liable for rejection of tax claims due to incorrect donor information.

9. Contact for 80G / 12A Queries

Giridham Art and Culture Foundation

📍 Office:
Unit No. 259, New Ashriwaad Industrial Estate No. 5,
Ram Mandir Cross Lane, Goregaon (West),
Mumbai – 400104, Maharashtra, India

📞 +91 9969456938
📞 +91 8904011789
📞 +91 9591666047

📧 Email: giridhamacf@gmail.com