Tax exemption and tax benefits

YOUR SUPPORT
Very often patrons and sponsors do not know which part of the budget is applicable to them.
We will be clear about the support given to our donor partners.

PATRONS/TAX BENEFITS
Patronnage may be a cash donation or the provision of goods, without the expectation
of an equivalent amount in return.
Donations can be made in various ways:
Financial help: a cash contribution (cheque or bank transfer)
In kind: the gift of goods to an association (vehicle, furniture, equipment, printing, communications, expertise, the loan of services)

Patronnage is tax-deductible
For payments made by a business under the heading of “Patronnage”, the law provides
a reduction in tax equal to 60% of the value of the gift, up to a limit of 5 thousandths (0.5%)
of the company’s pre-tax turnover, for companies subject to income tax
(article 238 a of the General Tax Code modified by the law of 1st August 2003)

SPONSORING/ TAX BENEFITS
Sponsoring is the material support given to an event, a person or an organisation
with the purpose of obtaining visibility for the sponsor. Sponsoring is considered to be of publicity benefit.
The sponsor may deduct the sum total of gifts donated under the heading of “Operating Expenses”
(Article 39-1 7° of the General Tax Code).

A tax receipt will be issued for all donations/sponsoring accorded to the "Extravagant India!" Association