{"id":6317,"date":"2026-06-29T11:27:20","date_gmt":"2026-06-29T11:27:20","guid":{"rendered":"https:\/\/www.genesis-foundation.net\/blog\/?p=6317"},"modified":"2026-06-29T11:38:32","modified_gmt":"2026-06-29T11:38:32","slug":"how-ngos-and-corporates-can-collaborate-for-better-csr-tax-benefit","status":"publish","type":"post","link":"https:\/\/www.genesis-foundation.net\/blog\/how-ngos-and-corporates-can-collaborate-for-better-csr-tax-benefit\/","title":{"rendered":"How NGOs and Corporates Can Collaborate for Better CSR Tax Benefit"},"content":{"rendered":"
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\"How<\/p>\n

Businesses that make contributions towards a meaningful cause also have a twofold impact. Not only does it provide valuable assistance to children needing medical attention, but it also enables the business to obtain tax advantages due to the tax deduction provided under government regulations resulting in lower overall taxes owed by the business.<\/p>\n

Businesses must become educated on how making charitable contributions (such as to Genesis Foundation) can lead to tax savings on charitable donations<\/b><\/strong> and on how partnering with NGOs in a thoughtful and effective manner can maximize the CSR tax benefits<\/b><\/strong>\u00a0received from making charitable contributions.<\/p>\n

Understanding<\/b><\/strong>\u00a0<\/b><\/strong>the<\/b><\/strong>\u00a0<\/b><\/strong>CSR<\/b><\/strong>\u00a0<\/b><\/strong>Tax<\/b><\/strong>\u00a0<\/b><\/strong>Benefit<\/b><\/strong>\u00a0<\/b><\/strong>Framework<\/b><\/strong>\u00a0<\/b><\/strong>in<\/b><\/strong>\u00a0<\/b><\/strong>India<\/b><\/strong><\/p>\n

India is one of a limited number of countries worldwide with a legal requirement for Corporate Social Responsibility (CSR) spending by qualifying firms. Section 135 of the Companies Act 2013 specifies that firms with a certain level of net worth, revenue, or net income must allocate 2% of their average net income towards social giving and use this funding for approved CSR activities; healthcare for children<\/u><\/a>\u00a0is also an approved CSR expense under Schedule VII.<\/p>\n

Along\u00a0with\u00a0these\u00a0obligations,\u00a0there\u00a0exists\u00a0a\u00a0significant\u00a0incentive\u00a0to\u00a0comply: CSR tax benefits<\/b><\/strong> provided to qualifying firms that donate to non-profits classified as \u201cgranted\u201d under Section 80G of the Income Tax Act (ITA).<\/u><\/a><\/p>\n

Genesis Foundation is an NGO that provides heart treatment to children with congenital heart defects (CHDs)<\/u><\/a> that has a complete certification under 80G meaning that any contributions to the foundation will be tax-deductible deductions at the giving firm for any contribution, thereby decreasing the business\u2019s overall corporate income tax liability in a completely legal and audit-able manner.<\/p>\n

Tax<\/b><\/strong>\u00a0<\/b><\/strong>Savings<\/b><\/strong>\u00a0<\/b><\/strong>on<\/b><\/strong>\u00a0<\/b><\/strong>Charitable<\/b><\/strong>\u00a0<\/b><\/strong>Donations<\/b><\/strong><\/p>\n