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Finance Ministry makes AIIMS donation tax-free

NewsGram Staff Writer

New Delhi: In a bid to encourage more donors to the country’s top most health institution, the finance ministry,on Monday, declared fund donation to the All India Institute of Medical Sciences (AIIMS) as tax-free.

Accordingly to the ministry of finance, those who donate fund to AIIMS will now get 100 percent income tax deduction of donated amount from their taxable income.

The decision was taken after AIIMS was notified as the institute of national eminence by income tax authority, under Department of Revenue under the Ministry of Finance.

AIIMS was recently given a notification certificate by the income tax department.

The institution in a statement said that the notification would not only help to attract more philanthropic funds for the patient care services in the institute but also promote this national institute of excellence in the area of medical education and research in the country with having such a financial support from the philanthropic funds.

(With inputs from IANS)

 

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