Donation Terms & Conditions for Sarthaq Future Federation
Thank you for your generous support of Sarthaq Future Federation. By making a donation, you agree to comply with the following terms and conditions, which are governed by relevant provisions under the Companies Act 2013, the Income Tax Act, and other applicable laws and guidelines issued by the Government of India.
1. Compliance with Section 8 of the Companies Act, 2013
Sarthaq Future Federation is a registered non-profit organization under Section 8 of the Companies Act, 2013. As a Section 8 company, our objective is to promote charitable purposes such as social welfare, education, and community development, without the intention of earning profits. All donations received are used solely for these purposes in accordance with the charitable objectives of the Federation.
2. Income Tax Act – Section 80G and Section 12A
Sarthaq Future Federation is registered under Section 80G and 12A of the Income Tax Act, 1961, enabling donors to claim tax exemptions on contributions made to the Federation. Please note the following:
- Donors can claim a deduction under Section 80G for contributions to Sarthaq Future Federation, subject to the limits specified by the Income Tax Act.
- Donations made to Sarthaq Future Federation are eligible for tax deductions as prescribed under Section 80G, provided the donation meets the conditions set by the Income Tax Department.
- The Federation shall issue a receipt for all donations received, which will include the necessary details for claiming the tax exemption.
- Section 80G allows a 50% or 100% deduction based on the nature of the donation and the approval status of the Federation with the Income Tax Department.
3. Donation Process and Acknowledgment
Donations can be made through our website or other accepted payment methods. Upon successful processing of a donation, the donor will receive a formal acknowledgment and receipt from Sarthaq Future Federation. The receipt will contain the following details:
- Donor’s Name and Contact Information
- Amount Donated
- Date of Donation
- Transaction ID or Reference Number
- 80G Deduction Eligibility (if applicable)
Donors must keep this receipt for their records when claiming tax deductions under Section 80G of the Income Tax Act.
4. RBI and Compliance with Financial Regulations
All donations are processed through compliant and secure payment gateways in accordance with the guidelines set by the Reserve Bank of India (RBI) and the Ministry of Finance. We ensure that the funds are handled securely and transparently, adhering to all regulatory requirements for non-profit entities in India.
5. Non-Refundable Donations
All donations made to Sarthaq Future Federation are final and non-refundable. Please ensure that you provide accurate details before making a donation.
6. Purpose of Donations
Donations received by Sarthaq Future Federation will be used exclusively for charitable purposes as stated in our organizational objectives. We are committed to ensuring that your contribution is directed towards the initiatives we support, including education, social welfare, and community development.
7. Privacy of Donor Information
Your personal information and donation details will be kept confidential and will not be shared with any third parties without your consent, except as required by law. For more details on how we handle your information, please refer to our Privacy Policy.
8. Changes to Donation Terms
Sarthaq Future Federation reserves the right to modify or update these donation terms and conditions at any time, in accordance with changes in the law or our policies. Any updates will be posted on this page.
9. Contact Us
If you have any questions or concerns regarding donations, please contact us:
Email: [email protected]