Is Akshaya Patra funded by Government?
There is no contribution from the Government, either Central or State, towards the cost of setting up centralized kitchens. The Akshaya Patra Foundation raises donations from individuals, institutions, foundations and corporations to meet these expenses.
Are Akshaya Patra donations tax exempt?
What Tax exemption benefit do I get? Donationsabove Rs 500 to Akshaya Patra will be eligible for 50% deduction from taxable income under Section 80G of Income Tax Act. By contributing to Akshaya Patra, you will help in feeding school children and also help yourselves with tax deduction benefit.
How many states does Akshaya Patra operate in?
14 states
The organisation currently has its presence in 65 kitchens across 14 states & 2 Union territories in India. This not-for-profit organisation has been conferred as the world’s largest NGO-run mid-day meal programme (source).
How does Akshaya Patra make money?
Akshaya Patra also depends on corporate funds, philanthropic donors, volunteers and well-wishers for managing this large operation. The details of the operation include technological innovations, quality standards, delivery vehicles and interacting with various stakeholders.
Who is the owner of Akshaya Patra?
Madhu Pandit Dasa
Chairman, The Akshaya Patra Foundation
Madhu Pandit Dasa was born in Nagercoil, India. Armed with a B. Tech in Civil Engineering from IIT-Mumbai, he dedicated himself to the service of humanity while doing his M. Tech from IIT-Mumbai in 1981.
Who funds Akshaya Patra?
HDB Financial is one of the esteemed donors of The Akshaya Patra Foundation and currently has sponsored mid-day meals to 10,099 children in Vrindavan as well as major kitchen equipments in the Centralized Kitchen at Vrindavan. HDFC Life is one of the leading partners of The Akshaya Patra Foundation.
Which donation is eligible for 100% deduction?
100% Deductible without Qualifying Limit
National Defence Fund set up by the Central Government. Prime Minister’s National Relief Fund. Prime Minister’s Armenia Earthquake Relief Fund. Africa (Public Contributions – India) Fund.
Which type of donation is exempt?
What donations are tax exempt? Gifts made to or for the use of the National Government or any entity created by any of its agencies which is not conducted for profit, or to any political subdivision of the said Government.
Who owns Akshaya Patra?
Madhu Pandit Dasa designed the first centralised kitchen of Akshaya Patra, to provide mid-day meals to underprivileged children in the Government schools of Bengaluru rural district during July 2000.
Who is the CEO of Akshaya Patra?
Shridhar Venkat
Shridhar Venkat, CEO – The Akshaya Patra Foundation.
Where is Akshaya Patra now?
About Us. The Akshaya Patra Foundation is an NGO in India headquartered in Bengaluru. Our organisation strives to eliminate classroom hunger by implementing the Mid-Day Meal Scheme in the government schools and government-aided schools.
How can I join Akshaya Patra?
Join Us Online. Share news of Akshaya Patra with your online network. Write about us on Facebook and Twitter, share the link of The Akshaya Patra Foundation’s website, share our Public Service Announcement (PSA) with your friends and followers, or embed an Akshaya Patra PSA on your own website.
Is Akshay Patra genuine?
The Akshaya Patra Foundation is a not-for-profit organisation headquartered in Bengaluru, India. The Foundation strives to eliminate classroom hunger by implementing the Mid-Day Meal Programme. It provides nutritious meals to children studying in Government schools and Government-aided schools.
How much donation is tax free?
Amendment to Section 80G: From financial year 2017-18 onwards, any donations made in cash exceeding Rs 2,000 will not be allowed as a deduction. The donations above Rs 2,000 should be made in any mode other than cash to qualify under Section 80G. Previously, the limit of donation in cash was Rs 10,000.
How is US 80G deduction calculated?
In the case of donations to private trusts, the actual amount of donation would be 50 per cent of the qualifying amount. Therefore, in the example given above, since the donation is made to a private trust, the deduction will be 50 per cent of the qualifying amount ie 50 per cent of Rs 37,000 = Rs 18,500.
Are donations tax free?
An amount donated by an individual to an eligible charity can be claimed as a tax deduction while filing of an income tax return.
Who exempted from donors tax?
What donations are tax exempt? Gifts made to or for the use of the National Government or any entity created by any of its agencies which is not conducted for profit, or to any political subdivision of the said Government. 2.
Who manages Akshaya Patra?
The Akshaya Patra Foundation is a non-profit trust of International Society for Krishna Consciousness (ISKCON), Bangalore. It operates Midday Meal Scheme (a school lunch programme) in India.
Which donation is 100% deduction in India?
Which donation qualifies for deduction at 100% US 80G of the Income Tax Act?
Which donation is eligible for 50% deduction under 80G?
Donations with 50% Deduction (Without any qualifying limit): Donations made towards trusts like Prime Minister’s Drought Relief Fund, National Children’s Fund, Indira Gandhi Memorial Fund, etc. qualify for 50% tax deduction on donated amount.
How do I submit 80G proof?
A taxpayer can claim a deduction in respect of donations to certain funds/ institutions under section 80G. For claiming deduction, a donor should not forget to take the donation receipt containing name, PAN, address and registration number of the donee along with the name of donor, amount donated and mode of payment.
What is the donors tax rate?
six percent
Rate – The donor’s tax for each calendar year shall be six percent (6%) computed on the basis of the total gifts in excess of Two Hundred Fifty Thousand Pesos (P250,000) exempt gift made during the calendar year. Notes: 1.
Who is the founder of Akshaya?
Vice Chairman, The Akshaya Patra Foundation
Sri Chanchalapathi Dasa (a.k.a. S Chandrashekar) was born in 1963 in Bengaluru, Karnataka, India. While an undergraduate student in PSG College of Technology, Coimbatore, he became interested in the message and mission of Srila Prabhupada, the founder-acharya of ISKCON.
Which of the following donation is eligible for 100 deduction U S 80G?
Donations with 100% deduction (Subjected to 10% of adjusted gross total income): Donations made to local authorities or government to promote family planning and donations to Indian Olympic Association qualify for deductions under this category.