The Central Board of Direct Taxes (CBDT) on Friday notified that the donations made to ‘Shri Ram Janmbhoomi Teerth Kshetra’ are eligible for deduction under Section 80G of Income Tax Act, 1961.
The Central Government notified the donations to be eligible for deduction on the grounds that ‘Shri Ram Janmbhoomi Teerth Kshetra’ is renowned for the purpose of historic importance and a place of worship which are covered under the ambit of Section 80G of Income Tax Act, 1961.
Section 80G of the Income Tax Act allows donations made to specified relief funds and charitable institutions as a deduction from gross total income before arriving at taxable income.
A Trust by the name Shri Ram Janmbhoomi Teerth Kshetra was constituted for the purpose of the construction of Ram Mandir which was constituted after the long-awaited decision of the Apex court in the Ram Janmabhoomi-Babri Masjid case.
Therefore, the central government empowered Section 80G (2)(b) of the Income Tax Act, 1961 issued the notification announcing the eligibility of the ‘Shri Ram Janmbhoomi Teerth Kshetra’ for the deduction under Section 80G of Income Tax Act, 1961.
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