National Defence Fund

National Defence Fund (NDF) is an Indian Government Institution, set up in the year 1962 to receive voluntary donations for the promotion and welfare of the members of the Indian Armed Forces (including paramilitary forces) and their dependents. Members of the executive committee include the Prime Minister of India—as chairperson, Home Minister, Defence Minister and Finance Minister—Treasurer.[1][2][3] Donations to the National Defence Fund are 100% tax exempt.[4][5] Donations can be made through an online government portal also.[6]

Income and expenditure

The income and expenditure of the NDF for the period 2013 to 2018 is as follows (in crore rupees):[7]

Year Expenditure Receipts Balance
31.03.2013 5.72 76.69 941.50
31.03.2014 61.99 80.68 956.85
31.03.2015 33.98 84.72 1007.59
31.03.2016 46.86 83.53 1044.26
31.03.2017 30.20 82.02 1096.08
31.03.2018 64.75 83.85 1115.18

Notable contributions

It was commonly supposed that Mir Osman Ali Khan, the Nizam VII of the former Hyderabad State, made a donation of 5,000 kg of gold to the National Defence Fund in 1965. However, later investigations suggest rather that he invested 425 kg of gold, receiving a 6.5% return on this investment.[8]

References
  1. "National Defence Fund". 5 February 2018.
  2. "National Defence Fund" (PDF). 5 February 2018.
  3. "The Army Welfare Fund That You Might Think is a Hoax, But Isn't". The Quint. Retrieved 5 February 2018.
  4. "Here's how you can avail tax deduction under Section 80G". Zee Business. 10 January 2018. Retrieved 5 February 2018.
  5. Motiani, Preeti (2018). "Check before you donate: Will you get 50% or 100% tax benefit under Section 80G?". The Economic Times. Retrieved 5 February 2018.
  6. Online Contributions / Donations to National Defence Fund
  7. "National Defence Fund | Prime Minister of India". www.pmindia.gov.in. Retrieved 5 February 2018.
  8. https://www.thehindu.com/news/cities/Hyderabad/the-truth-about-the-nizam-and-his-gold/article25464770.ece



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