Donations For Ram Mandir Now Eligible For Income Tax Deduction
In a recent development, the Income Tax department has clarified that donations made for the repair, rebuild, or renovation of the Ram Mandir in Ayodhya, under the Shri Ram Janmabhoomi Teerth Kshetra Trust, are eligible for deduction under Section 80G (2) (b) of the Income-tax Act, 1961.
The government has notified that 50 percent of the donation for the purpose of temple repair or renovation qualifies for this deduction. However, it’s important to note that cash donations exceeding Rs 2,000 are not eligible for deduction.
The Central Board of Direct Taxes (CBDT) has explicitly stated that donations to the Shri Ram Janmabhoomi Teerth Kshetra are eligible for this tax benefit.
Section 80G And Eligibility Criteria
Section 80G of the Income Tax Act, of 1961, deals with deductions for donations to certain funds, charitable institutions, etc. The recent notification by the Central Government specifies “SHRI RAM JANMABHOOMI TEERTH KSHETRA” (PAN: AAZTS6197B) as a place of historic importance and a renowned place of public worship, making it eligible for deductions under Section 80G(2)(b) from the financial year 2020-2021.
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