Wednesday February 21, 2018

Finance Ministry makes AIIMS donation tax-free

0
//
80
www.medhajnews.in
Republish
Reprint

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)

 

Click here for reuse options!
Copyright 2015 NewsGram

Next Story

Bollywood movies “Sachin-a billion dreams” and “Hindi Medium” tax free in Delhi

The Entertainment Tax Branch of the Delhi government issued orders yesterday, giving both movies a tax-free status here

0
//
123
"Sachin-a billion dreams" and "Hindi Medium" tax exempt in Delhi. Wikimedia

New Delhi, June 2, 2017: “Sachin: A Billion Dreams”, the docu-drama on batting legend Sachin Tendulkar’s life and Irrfan Khan-starrer “Hindi Medium” have been declared tax-free in the national capital.

The Entertainment Tax Branch of the Delhi government issued orders yesterday, giving both movies a tax-free status here.

Look for latest news from India in NewsGram.

“Sachin: A Billion Dreams” has been written and directed by James Erskine and produced by Ravi Bhagchandka. It has been already declared tax-free in Madhya Pradesh, Odisha, Kerala, Maharashtra and Chhattisgarh.

“Hindi Medium”, also starring Pakistani actress Saba Qamar, is also tax-free in Delhi, after being exempted of entertainment tax in Madhya Pradesh, Maharashtra and Gujarat.

Directed by Saket Chaudhary, “Hindi Medium” is a satire on education system of the country where studying in English medium schools is considered a status symbol. (IANS)

Next Story