CBDT notifies Donations to ‘Shri Ram Janmbhoomi Teerth Kshetra’ eligible for Income
Tax Deduction .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 I.T Act 1961.
Section 80G 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 announcing the eligibility of the ‘Shri Ram
Janmbhoomi Teerth Kshetra’ for the deduction under Section 80G of I.T Act,1961