All taxpayers, whether resident or non- resident, who have donated money subject to the condition laid down by Section 80G and fulfilment of other criteria of IT Act, 1961 can claim deduction for donation to IIT-ISM Dhanbad Alumni fund.

Yes, as per the current proviso u/s 80G of Income Tax Act, 1961, An university or educational institution of National eminence or important approved by the Tax Authorities are falls under this.

No, The entire amount irrespective of whatever the donor has / shall be paid in Bank Account of IIT- ISM Dhanbad Alumni fund ( through Non- cash mode only such as NEFT/ RTGS/ A/c payee cheque, Wire transfer, UPI, etc) , 100% of the donation shall be deductible from your Gross Total Income as per the current tax scenario ( depending upon the Residential status, Type of Assesses, Taxable slab and rate thereupon, etc of the donors)

Yes, This payment apps are supporting UPI transfer, you can transfer the fund through this apps.

Further, we are working with the payment partners to accept the donation through their wallats.

No, The IIT- ISM Alumni fund only accept the donation through Non- cash mode only.

Yes, this benefits claiming a deduction u/s 80G is applicable to all subject to the donor must hold a valid Indian PAN card.

The donor must kept in mind the following points before donating us-

Which donation is not eligible for donation u/s 80G .

• i. Donation should be paid from Taxable or Exempt income only.
  Donation made through Non- Taxable income sources do not qualify for deduction for e,g., Income of spouse diverted to the donors, Income received by the Karta of Hindu Undivided Family, Compensation or claim received in respect to any Endowment fund or Insurance policy covered under section 10 of Income Tax Act, 1961, etc.
• ii. Donation made in the form of kinds or materials are not eligible under section 80G.
• iii. Donors or Assesses who have opted/ will exercise the option of NEW TAX REGIME will not eligible.
• iv. Deduction under Section 80G cannot exceed your taxable income.

Documents Required to Claim Deduction under Section 80G

• i. Donors must provide his/ her name, address, PAN, date, amount in figures as well as in words.
• ii. He should ensure the receipt must contained the Name, address, date, Receipt number, PAN and 80G/ Tax Authority Identification number in his receipt.