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All Fund Donations to AIIMS Made Tax Free: Ministry of Finance

by Dr. Trupti Shirole on October 20, 2015 at 9:44 AM
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All Fund Donations to AIIMS Made Tax Free: Ministry of Finance

To encourage more donors for All India Institute of Medical Sciences (AIIMS), the finance ministry has declared fund donation to the apex health institution of the country as tax-free. The ministry of finance said, "Those who donate fund to AIIMS will now get 100% income tax deduction of donated amount from their taxable income."

This 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.

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AIIMS said, "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."

Source: IANS
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