How a Company Account operates
Your company will first need to identify an area of interest and specify a budget. CAF India will then:
- short-list charities working in your specific interest area
- work with you to finalise the project designs
- disburse money to the charity as instructed by your company
- monitor the project and provide regular progress reports
- maintain a separate ledger account, provide financial statements and a final summary on completion of the project
- provide the 80 G tax receipt based on which your company can claim tax benefits