Ayodhya Ram Mandir Donation: To get section 80G income tax deduction, collect these documents

economictimes.indiatimes.com:

Shri Ram Janmabhoomi Teerth Kshetra Trust and help in renovation/repair of Ayodhya Ram Mandir. This donation made to the Ayodhya Ram Mandir Trust will also make an individual eligible for tax deduction under section 80G of the Income-tax Act, 1961, provided he/she chooses the old tax regime.

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«Individuals can get the benefit of tax deduction under section 80G for donations made to Shri Ram Janmabhoomi Teerth Kshetra Trust. The Central Government has notified „Shri Ram Janmabhoomi Teerth Kshetra“ in this regard long back,» says Maneesh Bawa, Partner, Nangia Andersen India, a tax and business consulting group.

The Central Board of Direct Taxes (CBDT) notified Ayodhya Ram Mandir as a place of public worship. As per a CBDT circular dated May 8, 2020 «The Central Government hereby notifies 'SHRI RAM JANMABHOOMI TEERTH KSHETRA' (PAN: AAZTS6197B) to be place of historic importance and a place of public worship of renown for the purposes of the said section from the year F.Y. 2020-2021, relevant to the Assessment Year 2021-2022.» Hence, until CBDT comes out with a circular specifically mentioning that any donation to Shri Ram Janmabhoomi Teerth Kshetra Trust is not eligible for deduction under section 80G till that time all donations for repair and maintenance of the Ayodhya Ram Mandir are eligible for deduction under section 80G.

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How much deduction can be claimed for donating to Ram Mandir Trust

50% of the amount donated to the Ayodhya Ram Mandir Trust can be claimed by individuals opting for the old tax regime. However, there is a qualifying