Actual ‰ of exemption under Section 80G (2)(b) for donating to ram janmabhoomi mandir trust.

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125 Points Posted on 22 January 2021
What is the actual ‰ of exemption under Section 80G (2)(b) for donating to ram janmabhoomi mandir trust?
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On 22 January 2021 at 09:05 Report
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Donations made to the Ram Janmabhoomi Mandir Trust are eligible for a 50% tax exemption under Section 80G(2)(b) of the Income Tax Act. This exemption falls under Section 80G(1)(ii) and is subject to a ceiling of 10% of your Gross Total Income (GTI), after accounting for any deductions under Chapter VIA.

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15932 Points Posted on 22 January 2021
Originally posted by : Debojit Samanta
What is the actual ‰ of exemption under Section 80G (2)(b) for donating to ram janmabhoomi mandir trust?

50%

Trust notified u/s 80G(2)(b) comes u/s 80G(1)(ii)

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On 22 January 2021 at 13:13
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17269 Points Posted on 22 January 2021
50% of amount donated subject to 10% ceiling of qualified amount GTI as reduced by chapter VIA deductions.
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On 22 January 2021 at 14:04

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