Benefits of Donor

There are numerous benefits to the donor coming forward for partnership with NCF, as mentioned below:

  • Donations to the National Culture Fund are eligible for 100% tax benefit under Section 80G of the Income Tax Act, 1961.
  • NCF issues receipts for Income Tax Exemption and gives detailed accounts of utilization of the donations.
  • Detailed accounts of each project are incorporated in the NCF Accounts which is audited by the Comptroller and Auditor General of India.
  • Under NCF, it is possible for a donor to identify a tangible or intangible project or a monument along with any specific aspect of funding and also an agency for the execution of the project.
  • The Project is implemented and monitored through a joint Project Implementation Committee (PIC) having a representative of NCF, implementing agency and donor.
  • Provision is made for installation of plaques at every development site to facilitate acknowledgement of the donors, collaborators and partners.
  • A separate joint Bank Account is maintained for each project that is operated by the representative of NCF and the Donor/Funding Agencies
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