Contribution and donation to Board for Research Education And Development can be claimed as a tax deduction under Section 80G of the Income Tax Act 1961. Kindly follow the instruction for the same.
- Deduction allowed to all types of taxpayers – This deduction can be claimed by any taxpayer -individuals, company, firm or any other under Section 80G of the Income Tax Act 1961
- Mode of Payment – This deduction can only be claimed when the contribution has been made via cheque or draft, NEFT or Cash up to 2000/-.
- Amount Eligible for Exemption- The donations given to BREAD are eligible for exemption u/s 80G up to 50% with or without restriction as provided in section 80G.
- Donor needs to provide details of Name, PAN no., Donation Amount, Complete Postal Address.
- To claim the deduction, the donor need to file the income tax return to the department.
