Know the details about the Srivani Donation Tirumala Tax Exemption Procedure 80G PAN, TTD VIP Darshan Donation Tax Exemption Procedure
Srivani Donation Tirumala: Tax Exemption, PAN Details, 80G Information and More
The Sri Venkateswara Alaya Nirmana Trust, popularly known as SRIVANI Trust, is a donation initiative facilitated by the Tirumala Tirupati Devasthanams (TTD). Donations to this trust are used for the construction and renovation of temples under TTD management across India. In this guide, we’ll cover the tax exemption benefits, PAN details, 80G information, step-by-step donation procedure, and other crucial things to know about Srivani donations.
Srivani Donation Tirumala Tax Exemption Procedure 80G PAN
Tax Exemption on Srivani Donations
All donations made to the SRIVANI Trust are eligible for income tax exemption under Section 80(G) of the Indian Income Tax Act2. This means that individuals, firms, or companies making donations can claim this benefit while filing their income tax returns.
To avail the tax exemption, donors must provide their Permanent Account Number (PAN) details. The TTD will provide a receipt with the PAN details of the trust, which can be used for claiming tax exemption.
Section 80G of the Income Tax Act allows deductions on donations made to certain charitable institutions or trusts, including the SRIVANI Trust. However, the deduction rate may vary. It’s advisable to consult with a tax advisor to understand the specifics in your case.
Step-by-Step Donation Procedure
- Visit the official TTD website and navigate to the ‘SRIVANI Trust Donations’ under the Donation tab.
- Enter the necessary details like name, address, PAN number, etc.
- Specify the donation amount. Note that amounts below Rs.1000 will be credited to the account of Srivani Trust without any intimation to the donor.
- Complete the payment process using the available online payment methods.
- Upon successful donation, a receipt will be generated. Keep this receipt safe for future reference and tax exemption claims.
Things to Know
Donations exceeding Rs.10,000 to the SRIVANI Trust are acknowledged in Income Tax Returns. It’s important to provide accurate PAN details to ensure the tax exemption can be claimed correctly.
Q: Can I share tax benefits with another pilgrim?
A: Yes, to share tax benefits with another pilgrim, select ‘Joint Donor’ and fill in their details.
Q: How do I get a receipt for my donation?
A: Upon successful donation, a receipt will be generated online. You should save or print this receipt for your records and for claiming tax exemption.
Q: What is the minimum donation amount for the Srivani Trust?
A: There is no specified minimum donation amount. However, donations below Rs.1000 will be credited to the account of Srivani Trust without any intimation to the donor.
Making a donation to the SRIVANI Trust not only contributes to the noble cause of temple construction and renovation but also offers financial benefits in the form of tax exemptions. We hope this guide provides all the necessary information for making a donation and availing the associated benefits.