DONATIONS: DONORS CAN AVAIL INCOME TAX EXEMPTION U/S 80G OF IT ACT 1961 (50% of the amount donated)



Donations may be made payable to: ‘PROF BHAVARAJU SARVESWARA RAO AND VENKATA RATNAM FOUNDATION’ OR ‘ BSRVR FOUNDATION’   by way of cheque / DD payable at Visakhapatnam.

Donors claiming IT exemption u/s 80G of IT Act 1961 are requested to furnish their full name, address and the PAN number along with their cheque / DD. and send a letter to the Secretary mentioning their particulars.

The Donor may specify the purpose of donation: to the General Fund or to the Corpus fund or for any specific purpose of choice, within the broad objectives of the foundation in a letter.

As per the regulation, the receipt given by the foundation shall carry the full name, address and the PAN number of the donor for the IT department to sanction the exemption. 

Bankers: (Note the change in the name of the bank and IFSC code,

since the State Bank of Mysore is merged with State Bank of India)

Account No: 64058147735
IFSC CODE: SBIN0040546  

State Bank of India

Double Road,
M V P Colony,
VISAKHAPATNAM. 530 017

INDIA

 
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