FAQs for Crowdfunding
Crowdfunding is a quick and easy way to raise money using the internet and social media. Using an online fundraising platform, we can raise the required amounts through donations from across India to help with any social, medical, personal, or emergency need.
Yes, online donation-based crowdfunding for social, medical, and personal causes is legal in India. The Securities and Exchange Board of India (SEBI) considers all forms of crowdfunding legal in India except for equity crowdfunding. Specific crowdfunding organisations are registered under the Income Tax Act as charitable trusts. Contributions made to such donation platforms are eligible for income tax deductions under section 80G.