ram janmabhoomi teerth kshetra: Donations to Shri Ram Janmabhoomi Teerth Kshetra eligible for exemption from income tax

Economy


The government has exempted donations made to the Shri Ram Janmabhoomi Teerth Kshetra, a trust created for the construction of the Ram temple in Ayodhya, from income tax for the financial year 2020-21.

In a notification issued Friday, the Central Board of Direct Taxes (CBDT) allowed tax exemption to donations under Section 80 G of the Income Tax Act, on the grounds that the structure would be a “place of historic importance and a place of public worship”.

Under this, 100% of donations made by taxpayers to this trust would be allowed as deduction while computing their taxable income, subject to maximum limit of 10% of their gross total income, experts said.

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The Shri Ram Janmabhoomi Teerth Kshetra was set up as a trust for the purpose of the construction of the temple, following the Supreme Court decision in the Ram Janmabhoomi-Babri Masjid case.

The first phase of construction began on March 25, after the “Pran-Pratishtha” ceremony by UP chief minister Yogi Adityanath. Clearing of the site has gained momentum after the UP government allowed construction activity to resume from May 4.



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