
In order to facilitate the programs of SIAE following assistance from the State and Central Govt. has been achieved by SIAE.
1. FCRA Registration (under Foreign Contribution Regulation Act, 1976) :
Vide Registration No. 147110654/ Nature: Cultural, Educational, Social Dated 9 th August, 2004. By this order SIAE can accept any amount of foreign donation directly at its Band a/c on the specific purpose as mentioned above [i.e. on any Cultural, Educational, Social program]
2.Registration u/s 12A of IT Act 1961
Vide No DIT(E) /S-56/8E/102/04-05 Dated: 06.08.2004. By this order of IT Dept all the income of SIAE is absolutely exempted from the purview of Income Tax till the SIAE exists.
3.Exemption u/s 80G of IT Act: Vide order No DIT(E) /421/8E/102/04-05 Dated 06.08.2004
By this order 50% of the donations made by SIAE shall be exempted. This order is valid up to 31.03.2006. Renewal is to made after 31.03.2006.
4. Exemption of Stamp Duty & Registration Fee by Govt. of West Bengal .
SIAE has purchased its own land 04 bighas. The land is situated at a posh area at Karunamayee near Tollygunge Metro terminus. The proposed college will be shifted over there within a short time. The govt of West Bengal has exempted 75% of the total registration fees and stamp duty on public interest. Vide copy: (a) No 2125-FT dated 16 th June 2004 & (b) No. 119-FT Dated 18 th January 2005.