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Tax talk: Donations for scientific research are eligible for tax deduction

Feb 11 2014, 09:42 IST
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The government provides tax benefits under Section 80G of the Income-Tax Act, 1961, to salaried employees for donations. The government provides tax benefits under Section 80G of the Income-Tax Act, 1961, to salaried employees for donations.
SummaryThe government provides tax benefits under Section 80G of the Income Tax Act, 1961, to salaried employees for donations.

to receive donations that qualify for deduction. The list includes trusts, societies and corporate bodies incorporated under Section 25 of the Companies Act, 1956, as non-profit companies. The Income-Tax Department issues the registration number for a limited period of two years, which can be renewed. The registration number has to be printed on the receipt and also the validity period must be mentioned on it.

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