IIT Bombay has launched its first-ever annual fundraising campaign in India, Cherish IIT Bombay 2021. As per information shared by the IIT, the funds will be used for the creation of world-class laboratory complexes, modernization of lecture halls and continuation of awards to attract and retain faculty. The donations made to IIT Bombay by corporate bodies and individuals are 100% tax-deductible under section 80G of the Indian Income Tax Act.
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