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