Individuals who might be inclined to support a cause but are also mindful of their financial responsibilities can find a harmonious balance by leveraging tax deductions.
In recent years, the construction of the Ram Mandir in Ayodhya has garnered widespread attention and support from people across India and beyond. Beyond its religious and cultural significance, the initiative has also paved the way for individuals to unlock tax savings through contributions.
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According to information available on the Shri Ram Janmabhoomi Teerth Kshetra Trust (PAN:AAZTS6197B) website, the Central Government has stipulated that 50% of the donation provided to the Trust for temple repair or renovation qualifies for tax exemption under Section 80G (2) (B).
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Its essential to note that cash donations exceeding Rs 2000 do not qualify for tax exemption. Tax exemptions subject to other conditions mentioned under section 80G of the Income Tax Act, 1961, vide (CBDT Notification No. 24/2020/F.No.176/8/2017/ITA-I) will be qualified.
Donations to Shri Ram Janmabhoomi Teerth Kshetra can be made through cheque, UPI, and Internet Banking. To make a donation for Shri Ram Janmabhoomi Teerth Kshetra, individuals can visit https://srjbtkshetra.org/.
There are several payment gateways like UPI/QR code/NEFT/IMPS/Demand Draft/Cheque. There is absolutely no charges or fee of any kind levied for donating money to Ayodhya Ram Mandir Trust as per the Shri Ram Janmabhoomi Teerth Kshetra Trust.
If an individual is using the payment gateway to donate money, then upon successful completion of the payment and donation receipt will be issued at that time instantly. However, cash donations of more than Rs 2,000 are not allowed as a deduction.
In other methods (NEFT/IMPS/Demand Draft/Cheque) the donation receipt would be issued after verification of details by the Ayodhya Ram Mandir Trust. Hence, one should check the website after 15 days to download the donation receipt.
