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Wild Kira

Stealth • 2m

Where Does All the Donated Money Really Go? Maybe I’m not educated enough to understand where all the money goes. We see billionaires donating thousands of crores—Tata, Ambani, Adani, Premji, and others have donated billions of dollars. But where do

Gautam Pareek

Stealth • 2m

first understand what is development and our taxes goes towards infras mostly but donated goes towards a specific community specific area types and if you focus on some area they are behind others in some thing and other require money for diffrent things.

1 replies

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Wild Kira

Stealth • 2m

Do you really think that it goes to development of backward areas? So whenever you read that some behemoth has donated money to a foundation there's a very high chance that they are the trustees of the foundation or someone from their family is a trustee of that foundation. If you think about it, It's a very clever business strategy because 1. under Section 80G of the Income Tax Act If you donate to certain specified non-profit organizations in India, you may be able to claim a deduction of up to 50% on your tax return. 2. Foundations don't fall under the category of RTI Act so you don't have to disclose the amount people have donated you. 3. You don't even have to disclose how you have utilised the donated money which i think in which there should be reforms. 4. Free publicity lol

1 replies

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