Donation to Kerala floods: Mobile wallet firms have their heart at the right place but taxpayers inconvenienced
6 years, 4 months ago

Donation to Kerala floods: Mobile wallet firms have their heart at the right place but taxpayers inconvenienced

Firstpost  

A few other mobile wallet companies have swung into action to mobilise funds for the beleaguered people of Kerala devastated by heavy rains, but how convenient is it for making donations Don’t look a gift horse in its mouth is an old hat. Paytm and a few other mobile wallet companies have swung into action to mobilise funds for the beleaguered people of Kerala devastated by heavy rains. Initially, Paytm expressed its inability to issue receipts that would pass muster under section 80G of the Income-tax Act 1961 for claiming deduction from one’s gross total income. But later on, all the mobile wallet platforms seem to have softened their stand and agreed to issue receipts which in turn can be produced to CMDRF for getting yet another receipt, the one that would pass muster under section 80G for claiming deduction by donors. Unless a donor is able to establish a back-to-back relationship with his own small donation to Paytm and the lump sum donation made by the mobile wallet on behalf of a whopping 12 lakh donors aggregating to Rs 30 crore till the time the above blog was posted, 80G seeking donors could be left high and dry.

History of this topic

Aid continues to pour in for flood victims in Vijayawada
4 months, 1 week ago
Wayanad landslides: Both LDF, UDF ask their MLAs, MPs to donate in CM relief fund
5 months, 1 week ago
Allu Arjun Donates Rs 25 Lakhs to Kerala Relief Fund, Prays For Wayanad Landslide Victims
5 months, 1 week ago
Wayanad landslides: Finance department to have special mechanism for effectively handling CMDRF contributions, says Chief Minister Pinarayi Vijayan
5 months, 1 week ago
Wayanad landslides: Here's how you can donate to Kerala chief minister's relief fund
5 months, 1 week ago
Controversy over Kochi Music Foundation’s event
4 years, 10 months ago
Malayalam film industry starts flood donation challenge
5 years, 5 months ago
Kerala HC asks state government about setting up exclusive fund for flood relief; govt says CMDRF will not be 'diverted'
6 years, 4 months ago
Kerala Floods: State may have to wait months to get full central aid; process of assessing damage, fund-release time-consuming, says MHA
6 years, 4 months ago
Kerala floods: Rs 600 cr only advance aid, clarifies Centre; additional assistance will be released from NDRF funds
6 years, 4 months ago
All donations to Kerala flood victims to get tax benefits; contributions to NGOs to get 50% tax rebate
6 years, 4 months ago
Kerala floods: War of words erupts between political parties as rescue ops draw to a close
6 years, 4 months ago
Kerala Floods: Former AG Mukul Rohatgi Donates 50 Lakhs, Bombay Bar Association, Maharashtra Bar Council Appeal Lawyers To Contribute
6 years, 4 months ago
CMO Kerala releases record of donors who contributed to CM’s Distress Relief Fund by cheque
6 years, 4 months ago
Kerala, After The Floods: Reliance Foundation to donate Rs 21 crore, provide relief aid worth around Rs 50 crore
6 years, 4 months ago
Kerala floods; key developments: State faces mammoth rehabilitation task; lack of workers as migrants move back
6 years, 4 months ago
Kerala floods: What state is demanding is official transfer of money assigned for relief, and not charity
6 years, 4 months ago
Kerala floods | Live updates: Centre says Kerala floods ‘calamity of severe nature’
6 years, 4 months ago
2018 Kerala floods: here is how you can help
6 years, 4 months ago
Kerala rains: SBI donates Rs 2 crore for flood relief, waives fees for new ATM cards, passbooks
6 years, 4 months ago
How to Donate to CM Relief Fund for Kerala Flood Relief and rehabilitation
6 years, 4 months ago
Kerala Floods: Attorney General KK Venugopal Donates Rupees One Crore To CM's Relief Fund
6 years, 4 months ago
Kerala floods: Helpline numbers, emergency contact details, and how you can help with donations, supplies, medicines
6 years, 4 months ago

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