PRAVARDHAN FOUNDATION

Refund Policy

Pravardhan Foundation has instituted a refund policy to ensure fair and transparent processing of requests for refund of donations. Pravardhan Foundation respects and honors the financial contributions made by individuals. We take utmost care to process donations as per the instructions given by our donors, online and offline.

However, in case of an unlikely event of an erroneous donation or if the donor would like to cancel his/her donation, Pravardhan Foundation will respond to the donor within 7 days of receiving a valid request for a refund from the donor. The donor will have to send Pravardhan Foundation a written request for a refund within a maximum period of 7 days of donating, to the email – Support@pravardhanfoundation.ngo. Donors need to keep the following points in mind while initiating a refund request:

Pravardhan Foundation will examine each refund request and seek explanations from the donor. Donor details will be verified by seeking documents of proof (PAN Number and Address) and donation (date of donation, amount of refund, mode of donation, transaction reference number, and reason for refund).

As per clauses (viii) and (ix) of sub-section (S) of Section 80G of the Income Tax Act introduced with effect from 1st April 2021, Pravardhan Foundation (the Donee) will file a “Statement of Donations Received” (in Form No.10BD) having details of donors and donations received and will be issuing the Certificates to the donors (in Form No.10BE) having details of the donee, details of the donor, and details of the donation received during the financial year, by 31st May immediately following the end of the financial year in which the donation is received. As per the aforementioned provisions, deduction on account of the donation under Section 80G shall be allowed to the donor only on the basis of the Statement of Donations filed by the Donee with the Income Tax authority.

After receiving the request for a refund from a donor within 7 days from the date of donation, the refund process may take 15 to 20 working days depending on the availability of the information from third parties such as Payment Gateway, Banks, etc. through which the transaction is done. Irrespective of the mode of donation, the refund amount will be credited directly to the donor’s bank account or the credit card account from which the donation was made. The donor will have to share his/her account holder name, account number, and IFSC code in case the donation was made via bank transfer. However, in case of online donations via debit or credit card, the donation will be refunded and credited directly to the card account details in case the refund request has been received within 7 working days of deduction of the donation.

Note: If the tax exemption certificate has already been issued, then we will not be able to refund the donation. However, in case of a valid refund request due to any error on Pravardhan Foundation’s part, Pravardhan Foundation will consider the request for a refund of the donation.

 Cancellation Policy

 In the event of a donor wanting to discontinue their Monthly Donation, they will have to submit a written request to Support@pravardhanfoundation.ngo. Upon receipt of such an email, Pravardhan Foundation will respond within 7 days either confirming the cancellation or to solicit additional information to confirm the cancellation. Once the cancellation has been confirmed, no further deductions will be made from the donor’s account. Given the cyclical processing of monthly donations, the cancellation of the donation might take time to take effect; as such, the donor will allow a notice period of 15 days for the cancellation to take effect. Any donations that might happen beyond the 15-day period starting from the receipt of cancellation confirmation will be refunded in line with the refund policy stated above.

Pravardhan Foundation
Website: www.pravardhanfoundation.ngo
Support Email: Support@pravardhanfoundation.ngo

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