How can I exempt personal donations made towards education fee of underprivileged
This query is : Resolved
24 March 2022
Hi,
I am thinking to help one good student (but underprivileged) to study their higher education(B.Tech). I am doing this because many of us have been there.
The Tutuion fee is about 1 lakh rupees per annum. I would like to know if I can get some form of Tax exemption for this amount. I am fine with taking a certain approach if that saves tax.
Thanks in advance..
I am thinking to help one good student (but underprivileged) to study their higher education(B.Tech). I am doing this because many of us have been there.
The Tutuion fee is about 1 lakh rupees per annum. I would like to know if I can get some form of Tax exemption for this amount. I am fine with taking a certain approach if that saves tax.
Thanks in advance..
25 March 2022
No tax exemption on such gifts made directly.
Make such donation through some NGO you will get tax exemption.
Make such donation through some NGO you will get tax exemption.
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