Interesting facts from India (Serial No. 1):
-Political Parties are NOT public authorities! (http://www.indianexpress.com/news/change-in-rti-act-gets-cabinet-nod-parties-exempted/1150156/), so they are exempt from RTI!
-But Donation to Political Parties is 100% Tax Exempt! (http://80g.in/), for NGOs it is only 50%. All other entities that get 100% exemptions are only "National Funds". Based on point-1 above, why 100% exemption is being given for "non-public" authorities?
So that the information does not get lost - copying-pasting here for ready reference:
-Political Parties are NOT public authorities! (http://www.indianexpress.com/news/change-in-rti-act-gets-cabinet-nod-parties-exempted/1150156/), so they are exempt from RTI!
-But Donation to Political Parties is 100% Tax Exempt! (http://80g.in/), for NGOs it is only 50%. All other entities that get 100% exemptions are only "National Funds". Based on point-1 above, why 100% exemption is being given for "non-public" authorities?
So that the information does not get lost - copying-pasting here for ready reference:
100% and 50% Deductions
National Funds (100%)
- Nationla Defence Fund
- Prime Minister's National Relief Fund
- Prime Minister's Armenia Earthquake Relief Fund
- Africa (Public Contributions-India) Fund
- National Foundation for Communal Harmony
- Approved university/educational institution
- Chief Minister's Earthquake Relief Fund
- Zila Saksharta Samiti
- National Blood Transfusion Council
- Medical Relief Funds of state govt
- Army Central Welfare Fund, Indian Naval Ben. Fund, Air Force Central Welfare Fund.
- National Illness Assistance Fund
- Chief Minister's or Lt. Governor's Relief Fund
- National Sports Fund
- National Cultural Fund
- Govt./ local authority/ institution/ association towards promoting family planning
- Central Govt.'s Fund for Technology Development & Application
- National Trust for Welfare of Persons with Autism, Cerebral Palsy, Mental Retardation & Multiple Disabilities
- Indian Olympic Association/ other such notified association
- Andhra Pradesh Chief Minister's Cyclone Relied Fund
Political Parties (100%)
- BJP
- Congress
- CPM
- BSP
- SP
- CPI
NGO Charities (50%)
- Jawaharlal Nehru Memorial Fund
- Prime Minister's Drought Relief Fund
- National Children's Fund
- Indira Gandhi Memorial Trust
- Rajiv Gandhi Foundation
- Donations to govt./ local authority for charitable purposes (excluding family planning)
- Authority/ corporation having income exempt under erstwhile section or u/s 10(26BB)
- Donations for repair/ renovation of notified places of worship
- World Vision India
- Udavum Karangal
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