Donation FAQs

Donation FAQs

1. Will I get tax exemptions for my donation?

Yes, Bhavishya has certificate for Tax Exemption under Section 80 G of Income Tax Act 1961. Donations to Paarijat are 50% exempt from tax under Section 80 G. The tax exemption under 80G is applicable only for donations made within India.

2. How long will it take for me to receive my tax exemption certificate/receipt for donation?

Bhavishya will send a scanned copy of 80 G certificate/receipt of your donation to the email-id mentioned by you during registration. It will take maximum of 1 month to send the 80 G certificate/receipt. The tax exemption under 80G is applicable only for donations made within India.

3. How can I donate to Bhavishya?

Donations to Bhavishya can be made online through net banking to the following account details

Account Details For Donation :

Name : Paarijat Bhavishya
A/c Number : 31053169341
IFSC Code : SBIN0010175
Branch : IIM Lucknow

4. Whom should I contact if I have any doubts regarding the donation process?

Please contact either of the following Bhavishya members for any doubts regarding the donation process :

  Mohit Mundra
  +91 9970971398
  pgp32142@iiml.ac.in

  Madhuri Gupta
  +91 8901309152
  abm13019@iiml.ac.in

5. What will my donation be used for?

Your donation will be used for sponsoring one-year education of a girl child in Prerna school. The funds will be utilized towards the tuition fees, uniform and books.

6. Can Indian nationals residing abroad donate online?

Yes, they can, but with their Indian bank accounts only. As long as the source of donation is an Indian account, Bhavishya can accept donations. Also, donors will get an 80G certificate which may not be relevant while filing tax returns outside India.