Here’s How You Can Avail 50% Tax Deduction for Donating to the Ayodhya Ram Mandir

Donations to the Ayodhya Ram Mandir may qualify for income tax deduction. This is under the old I-T regime. Individuals using the old tax regime can claim up to 50% deduction under Section 80G. This applies when donating to the Shri Ram Janmabhoomi Teerth Kshetra. Cash contributions cannot exceed ₹2000. Donations in kind are not eligible for tax exemption.

Eligibility For Donating Based on Trust Website

The Trust website details eligibility. 50% of voluntary contributions are eligible for deduction. This is under Section 80G of the Income Tax Act. This applies only to funds for renovation or repair of the Mandir. Donations for other activities do not qualify. This includes religious events or social welfare initiatives.

Section 80G Provisions

The grand temple was recognised in 2020. It is a historically significant public place of worship. This makes it eligible for deductions under Section 80G (2) sub-clause 9 (b). The Income Tax Act specifies contributions for renovation or repairs. These are notified temples and are eligible for a 50% deduction. This is the net qualifying amount.

Limits on Deductible Amount

The qualifying limit is capped at 10% of the donor’s Adjusted Gross Total Income. Gross total income is calculated after subtracting deductions. This includes Sections 80C to 80U, excluding 80G. It also excludes income subject to capital gains from the GTI.

Mode of Payment Restriction

Section 80G mandates a restriction on the mode of payment. No deduction is allowed for sums exceeding ₹2,000. This applies unless the sum is paid by modes other than cash. This means donations via UPI, cheque, demand draft, NEFT, IMPS are allowed. Cash donations exceeding ₹2,000 are not eligible for deduction.

Conclusion

Donations to the Ayodhya Ram Mandir may offer tax benefits. This is under the old tax regime and Section 80G. Specific conditions apply to eligibility and mode of payment. Understanding these rules is crucial for claiming deductions.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.