Support Ram Mandir: Avail Tax Exemption with Section 80G Benefits, Donate Online on the Trust’s Website

If you wish to contribute to the construction of the Ram Mandir by donating to the Ramjanmabhoomi Tirtha Kshetra Trust, you can avail of income tax exemption under Section 80G of the Income Tax Act, 1961. According to CA Anand Jain from Indore, individual taxpayers, companies, and firms can save taxes by donating money to religious institutions. However, the tax deduction is only applicable when donating to organizations or charitable trusts listed on the Income Tax Department’s website.

The Ram Mandir Trust has been recognized by the Central Government as a place of historical importance and famous public worship under Section 80G(B)(2) since the financial year 2020-21. Therefore, a deduction of 50% can be claimed for donations made for the renovation or repair of the temple.

Let’s illustrate this with an example: Suppose you donate 1 lakh rupees to the Ramjanmabhoomi Tirtha Kshetra Trust. In this case, you can claim a tax exemption of 50 thousand rupees, which will be deducted from your total taxable income. However, it is essential to submit the donation receipt while filing your income tax return.

This tax exemption applies only to taxpayers who have opted for the old tax regime. The 50% discount is available specifically for donations made towards the repair and renovation of the temple. The donated amount should not exceed 10% of your gross income, as any amount exceeding this limit will not qualify for tax deduction. Additionally, cash donations above Rs 2000 and donations in kind are not eligible for this tax exemption. It’s crucial to have a donation receipt for availing tax benefits.

Donation Website: https://srjbtkshetra.org/donationoptions/