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‘Shri Ram’ can be useful to save tax, know these rules related to donations

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new Delhi: Tomorrow is the day of a very big religious event in the country. The Ram temple for which politics has been hot for decades and many elections were fought in its name, after all, that Ram temple is worshiped on August 5 i.e. tomorrow. In this era of Corona epidemic, when the Economic Relief Package for the country was announced online from the International Summit. In such a situation, it should not be difficult to understand the importance of this occasion when the Prime Minister of the country is present for Sashirir Pujan.

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Well, whether you are interested in this dispute of Ram Mandir and Babri mosque, but we are sure that if you benefit from this issue then you will definitely want to know. So the fact is that if you donate to the Ram temple, you will be entitled to tax exemption.

Ram temple (ram mandir) can save tax by donating tax – Modi government (modi govt) is exempting donations in Sri Ram Janmabhoomi shrine area under section 80G of income tax (IT Act). This trust has been created for the construction of Ram temple in Ayodhya and the government has exempted tax on donations made for it for the financial year 2020-21.

In the month of May, the Central Board of Direct Taxes (CBDT) issued a notification in this regard. In this notification, Shri Ram Janmabhoomi Tirtha Kshetra has been notified as a place of historical importance and place of public worship under Clauses (b) under sub-section (2) of section 80G of Income Tax Act and Deductions up to 50 percent limit. It is to be noted here that the trust’s income has already been exempted under sections 11 and 12 of the Income Tax Act.

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