The Social Benefits of Tax Exemption in India

There is a compassionate part hidden among all of us. And, the thought of getting out there and doing something for the society also must have crossed our minds many times. But, how often have we actually gone ahead and done it? We get so caught up in our daily humdrum that our benevolence takes a backseat. But, as they say, ‘where there is a will, there is a way.’ So, one of the many ways that can provide you a platform to actively participate in social causes is to engage with a charity. Every charity works towards benefitting, uplifting, and sustaining the society by encompassing factors related to social, legal, environment, ecology, health, economy, education, welfare, and the like. The cause of each non-governmental organisation directly or indirectly reflects the broader perspectives of global organisations such as the UN, UNESCO, WHO, ILO etc. Since charities work at the ground zero level of the society; their involvement with a cause brings about a more sustainable outcome. Hence, when you get involved with a non-governmental organisation it provides you an avenue to constructively participate in a cause.

In view of the significant role of charities and to encourage participation of individuals and businesses in various causes, the Government of India has made the provision of tax exemption in India for all charitable donations. Yes, as per Section 80G of the Income Tax Act, contributing donations to a registered charitable trust can avail the donor 100% or 50% exemption on the donated amount based upon the type of charitable trust and the clauses of the Income Tax Act. The exemption is applicable for both online donation and offline donation. However, due to ease and convenience, many donors have started taking the online mode of contributing charity. And, since non-governmental organisations understand the worth of each penny, the donor can be rest assured that their money is being utilised in the right way. Hence, considering this form of tax exemption is quite a noble way to contribute towards the society.

Let’s take a couple of instances, if a donor identifies with an environmental cause such as afforestation and contributes towards Save Green, then his taxable income will be utilised towards increasing green cover and initiating several environment-friendly programmes. Similarly, if a donor identifies with child education and nutrition, then contributes towards TAPF, a non-governmental organisation in India. So, essentially you are contributing towards a healthier and educated society. And, you are also being a catalyst in nation-building.

Well, as you can decipher from the above-mentioned instances, your taxable income has the potential to transform the society in many different ways. Hence, don’t you think making an online donations or offline donations to charities can make the most of the tax exemption in India to upkeep your benevolence, save your hard-earned money while also partaking to uplift the society?

7 Things to Consider When Applying for a Payday Loan

If you are going through tough circumstances, payday loans may sound a tempting option to you. But if you are not an experienced person, we suggest that you consider this option after a lot of thinking. Since these loans feature a very high interest rate, they shouldn’t be taken unless you have no other option. Below are 7 tips that may help you make an informed decision.

Financial charges

The amount of loan you will get is a lot lower than what is written on the check. The reason is that finance charges are deducted from the amount, so you will need to write a check plus these charges. Not doing so will result in a higher rate of financial charges that you will have to pay. Most people get into even bigger trouble when they fail to pay the principal amount along with interest. So, make sure you know how much you are getting and how much you will need to pay back down the road.

Paying back

If you don’t have enough funds in your account to pay back the loan, you may try other options. For instance, you may renew the loan amount or consider taking out another payday loan. But keep in mind that this new loan will have its own financial charges and extra fees. And the extra fees are actually incur because of late payment of the amount of loan.

State Regulations

In each state, regulations are different for payday loans. Usually, the term limit is not more than 30 days. The problem is that lenders often issue loans that feature a longer term limit. In this case, you are at the lender’s mercy, which is a situation you may not be willing to go through.

Cash crunches

As said earlier, the purpose of a payday loan is to deal with a temporary financial crisis, and we have to pay back the loan as soon as we are out of the financial trouble to avoid high interest and fees.

So, it is not a good idea to be tempted by the “roll over” trend or you may have to pay a huge sum at the end.

Financial position

Usually, these loans are for borrowers with lower incomes as they can’t afford to borrow from other sources. Here, it is important to keep in mind that lenders don’t usually take into account the financial position of those who are applying for the loan. So, you have to think harder before opting for this option.

Automatic rollover

You need to be aware that there are some loan sites that tend to rollover the loan amount automatically. And then there are sites that have some contractual agreements that state that you, the borrower, do not have any right to file for bankruptcy or file a lawsuit against the lender.

Approval

A great characteristic of payday loans is that they are easy to get, meaning the approval process is quite easier than other types of loans. So, most borrowers find them quite tempting, but you should be careful and only opt for this option if you have no other choice left.

You may say that opting for a payday loan is a good idea to deal with a temporary financial crisis, but a hasty decision may get you in a bigger trouble. If you don’t be careful enough, you may end up in a vicious circle of debt. Therefore, it’s better to pay back the loan as soon as you get your hands on some extra cash. Hopefully, keeping these tips in mind, you will take this decision.

Time Is Non-Existent in Reality But Is Man’s Invention for Taxes and Slavery

The mind cannot perceive a world without time. Likewise, it cannot consider the concept of ‘always’. Something must have a starting point and ending for our convenience of reality. But our thinking is wrong and so too is the relationship we have with the Spirit of the Universe, the one and only God. This is the norm as shown to me by my reincarnation and journey from life to life.

My death was sudden and amazing. Nothing of it is recalled except when my ‘being’ floated above the body, that of a 45 years old man. Then in total darkness, completely black, and with the Spirit the feeling was absolute euphoria. There was nothing to see and no one to meet. There was no tunnel, music, light, or magic.

A vision was given of my next life ahead and that at 45 years (the age of my death) something extraordinary would happen to make sense of it. Floating then above my new parents as they were married (a date well recorded) my birth occurred a month later.

Only in man’s world of false reality is time important. Beyond death there is no time, no sense of haste or tardiness, and certainly no devils, angels, saints, or heavenly kingdom. This is completely opposite to the general consensus of opinion. So why is that so?

The things spoken of here are known by all members of humanity and yet they push it aside to adopt the awful brain-induced stories of false concepts and powerful leaders. Logic is destroyed so that regimental control over the masses is secured. It is, therefore, governed by the economic system, and politics.

The topic here, however, is about time and why it is non-existent in God’s reality? When one is divorced from the need to be governed by it then it almost ceases to exist. If one were to leave society and live off the land in a jungle somewhere there is no week, no morning or afternoon, and no sense of rising and sleeping to the tune of a clock.

The body enforces its needs through hunger and tiredness. So when and why did time take effect? It could only have been because of kings and regimentation of their subjects.

One of the great learning stories from white settlers in Australia is that the native people had no concept of time. In their world they had no counting system and seasons were something they knew only by when trees flowered and animals became more plentiful.

This points to another fact about why people in the Western nations were hooked onto it. Sedentary life, as in the so-called ‘civilised’ world, produced systems of exchange that took a turn from the norm. In the growing cities of the Near-East the people invented writing and records of goods were kept. Kings demanded portions of crops and so on for wealth.

With this new method of commerce money soon followed and then taxation and so on. Time became the most useful commodity when industry developed and people were employed rather than enslaved. They were now servants of time and gradually this has overtaken the world.

Called by the Spirit, at the age of 45 years, into a learning phase the things that have come to light are astounding. The deception by which the Establishment is run and the lies and deceit of its power have all but wiped out the need for a Divine influence. Religions and institutions are governed by the greed they deceitfully claim to oppose.

Time is their greatest weapon and working for their lives rather than being dependent on the Spirit is now the entrenched system universally. From the time of the Romans we have seen the world in a steady decline and now it is on the brink of destruction.

“And for this cause God shall send them strong delusion that they should believe a lie: That they all might be damned who believed not the truth, but had pleasure in unrighteousness.” II Thessalonians 2:11,12

The depth of the lie starts with time and institutions that created fake gods and who support the creation of wealth and power for their own preservation. Time is the product of that deception and in the reality of the Universal Spirit it is non-existent.