The Finance Act, 1999 provides hundred percent deduction for donations made to the Fund for Technology Development and Application being operated by the Technology Development Board.
The Act enables insertion of " the Fund for Technology Development and Application set up by the Central Government" under section 80G, sub-section (2), in clause (a) sub clause (IIIHI) of the Income Tax Act, with effect from the first day of April 2000.
The donations may be sent through Demand Draft or Cheque in Favour of "The Technology Development Board".
The draft or the cheque may be sent at the below mentioned address:The Secretary,
TECHNOLOGY DEVELOPMENT BOARD
Department of Science and Technology
A-Wing, Ground Floor, Vishwakarma Bhavan,
Shaheed Jit Singh Marg,
New Delhi - 110 016
Telephone No. 26537349, 26540111
Fax No. 26531862, 26540137