Hi Friends,

Even as I launch this today ( my 80th Birthday ), I realize that there is yet so much to say and do.

There is just no time to look back, no time to wonder,"Will anyone read these pages?"

With regards,
Hemen Parekh
27 June 2013

Monday, 4 November 1985

PRIVATE DONATIONS FOR EDUCATION

FROM  THE REPORT

" CHALLENGE OF EDUCATION "

NOV. 1985
PRIVATE DONATIONS FOR EDUCATION
PRESENT SITUATION :

Private donations toward education as a percentage of total expenses were as follows:
1900 – 1901        25.0%
1950 – 1951        11.6%
1980 – 1981         3.0%

CHANGE/ ACTION DESIRED :

Private donations should be encouraged so a percentage of total expenses were as follows :
1900 – 1901        25.0%
1950 – 1951        11.6%
1980 – 1981          3.0%
Donations toward educational purpose must quality for deduction at the rate of 150% under Income Tax rules, both for Capita as well as revenue expenses.
ADVANTAGES EXPECTED :

Mobilisation of funds for education.

ACTION BY :

GOI – Ministry of Finance

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