Wednesday, April 16, 2014
Indians big donors, but only during tax-saving months - The Economic Times
Indians big donors, but only during tax-saving months - The Economic Times: According to NGOs, with growing awareness about tax benefits on donations, collections have risen significantly this year during the tax-saving months as compared to the previous years. GiveIndia's 'India tax saving challenge', a fundraiser that encourages NGOs to tap donors looking to make that final contribution, saw a 30% increase in donations during January to March in 2014 as compared to the same period last year. Also, this year's tax-saving months saw a 110% increase in donors as compared to the preceding non-tax saving months (October-December 2013).