Media Lab Asia has received exemption under Section 80G of the Income Tax Act, 1961 vide order No. DIT (E)/MC/80G/2373/2008/2008-09 dated 18th March 2009 issued by the Office of the Director of Income Tax (Exemption), Under section 80G deduction is available to any tax payer (may be individual, company, firm or any other person) making donation to the company. 50% of the donation made is allowed to be deducted from the taxable income and consequently tax is calculated.

ngo amendment