Will I get a tax benefit by donating to the project?
The US based alumni can donate to IITBHF and get their tax breaks as per the US laws.
Indian individual alumni will donate to IITB and get 100% tax break under section 80(g).
Rest of the world, alumni should donate directly to the IITBAA through the specified FCRA account. No tax breaks, unfortunately.
Corporates & Trusts /Foundations in India will donate to IITBAA and get their 50% tax break because IITBAA has an 80(G) certificate and is an eligible entity for CSR donations. The CSR registration number is CSR00009269.