Yes, partial funding is permitted. However, we will hold the project completion until we achieve the total target funding.

Yes, all your funding will be categorized as CSR expenditure and will fall under the clause “ to promote education” as mentioned in the schedule VII of The Companies Act.

Yes, you are permitted to visit institutions. Kindly inform us beforehand to facilitate the necessary arrangements.

Yes, branding is allowed. However, you would have to inform us beforehand and provide us with all branding material.

Companies

As per the recent guidance CSR expenditure is not allowed as deductible expenditure for income tax purposes. Further, in case the companies are taking benefit of section 115BAA of the Income Tax Act, i.e. paying income tax at 22 %+ applicable surcharges, they will not be allowed to take benefit of deduction under section 80G of the Act. 

Individuals

Individuals donating in personal capacity will get 80G benefit as per Income Tax Act for amounts donated above Rs 5000. They will get it against the PAN submitted while signing up.

A company satisfying any of the following criteria during the immediately preceding financial year is required to comply with CSR provisions specified under section 135(1) of the Companies Act, 2013 read with the Companies (CSR Policy) Rules, 2014 made thereunder:

(i) net worth of rupees five hundred crore or more, or

(ii) turnover of rupees one thousand crore or more, or

(iii) net profit of rupees five crore or more.

Rule 8(3) of the Companies (CSR Policy) Rules, 2014 mandates following class of companies to conduct impact assessment:

1. companies with minimum average CSR obligation of Rs. 10 crore or more in the immediately preceding 3 financial years; and 
2. companies that have CSR projects with outlays of minimum Rs. 1 crore and which have been completed not less than 1 year before undertaking impact assessment.

Impact assessment shall be carried out project-wise only in cases where both the above conditions are fulfilled. In other cases, it can be taken up by the company on a voluntary basis.

If the projects undertaken through Truegiv fulfil the above criteria, impact assessment reports will be provided. 

You can donate through our online platform.

No, there is no minimum limit. You may donate as little or as much you see fit.

If you are donating more than Rs 1 lac, you will receive an utilization certificate along with all related documents of the good purchased including photographs, purchase invoices, and so on.

Yes, the trust has been registered with the Income Tax Act under section 12A and under 80G, it has filed the CSR-1 form with MCA. It has also been  registered with Darpan. These can be shared if required. 

Yes. There is no limit to the requirements submitted; however, we will verify them all before funding.