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A symbolic depiction of financial contributions aiding in the reconstruction of Ram Mandir, showcasing the intersection of cultural support and tax benefits under Section 80G
26-01-2024

Empower Your Contributions: Unlocking Tax Advantages for Ram Mandir's Renewal with Section 80G

The recent announcement from the Tax Revenue Bureau sheds light on the eligibility of contributions toward the Ram Mandir for Income Tax deductions. According to the clarification by the Income Tax department, donations directed to the Shri Ram Janmabhoomi Teerth Kshetra Trust fall under the purview of deduction as outlined in Section 80G (2) (b) of the Income-Tax Act.

The specific focus is on contributions made for the restoration, reconstruction, or enhancement of the Ram Mandir in Ayodhya, qualifying for deductions under Section 80G (2) (b) of the Income-tax Act, 1961. The government notification specifies that half of the donation designated for temple refurbishment or improvement is eligible for this deduction. Notably, cash donations exceeding Rs 2,000 do not meet the criteria for deduction.

Section 80G of the Indian Income Tax Act extends the provision for tax deductions pertaining to donations towards specified relief funds and charitable institutions. All taxpayers, irrespective of residency status, who have contributed to designated funds, institutions, or associations, can assert a deduction from their gross total income before the imposition of tax, as per Section 80G of the Income Tax Act.

The Central Board of Direct Taxes (CBDT) explicitly affirms that contributions to the Shri Ram Janmabhoomi Teerth Kshetra merit this tax benefit. The recent notification by the Central Government designates “SHRI RAM JANMABHOOMI TEERTH KSHETRA” (PAN: AAZTS6197B) as a site of historical significance and a distinguished place of public worship, rendering it eligible for deductions under Section 80G(2)(b) from the fiscal year 2020-2021.

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