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80G Deduction for PM CARES Fund - 50%/100%?

Parth Shah (Article Clerk) (26 Points)

31 March 2020

Whether donation made to PM CARES fund is eligible for 50% deduction or 100% deduction?

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24 Replies

Amandeep Singh (35 Points)
Replied 31 March 2020

100% deduction is allowed as clarified by govt.

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CA ARPIT BANGA (job ) (376 Points)
Replied 31 March 2020

100 % deduction, if contribute to PMCARES

RAJA P M ("Do the Right Thing...!!!") (128101 Points)
Replied 31 March 2020

Deduction @ 100%

CA KARAN SINGH (Auditor at Big 4) (622 Points)
Replied 31 March 2020

I think it is 50% since PM Care fund is registered as public charitable trust.

sabyasachi mukherjee (27734 Points)
Replied 31 March 2020

NO KARAN Y
IT IS 100% DEDUCTIBLE.

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CA KARAN SINGH (Auditor at Big 4) (622 Points)
Replied 31 March 2020

Any notification issued regarding this??

Vijay Prakash (155 Points)
Replied 31 March 2020

100% deduction is allowable in this case

RAJA P M ("Do the Right Thing...!!!") (128101 Points)
Replied 31 March 2020

Why notification do you expect a notification?
Are you not aware of the current situation?
As per the current scenario:

PMNRF operates from the Prime Minister’s Office, South Block, New Delhi-110011 and does not pays any license fee. PMNRF is exempt under Income Tax Act, 1961 under Section 10 and 139 for return purposes. Contributions towards PMNRF are notified for 100% deduction from taxable income under section 80(G) of the Income Tax Act, 1961. Prime Minister is the Chairman of PMNRF and is assisted by Officers/ Staff on honorary basis....

see the details in the following link...

https://pmnrf.gov.in/en/about

CA KARAN SINGH (Auditor at Big 4) (622 Points)
Replied 31 March 2020

Very Rightly said. I appreciate your research work. But PM National Relief Fund and PM CARE Fund are 2 different fund and I know donation to PM NATIONAL RELIEF FUND qualifies for 100% deduction . But my concern is about PM CARES fund

ashutosh (accountant) (23 Points)
Replied 31 March 2020

Can 100% donation to PM Cares Fund be claimed as deduction under section 80G?

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RAJA P M ("Do the Right Thing...!!!") (128101 Points)
Replied 31 March 2020

@ Mr Karan Singh.,
Yes... You are exactly correct. I wrongly taken the link...

Please be the following link...

https://pib.gov.in/PressReleseDetailm.aspx?PRID=1608851

https://www.google.com/url?sa=t&source=web&rct=j&url=https://pib.gov.in/PressReleseDetailm.aspx%3FPRID%3D1608851&ved=2ahUKEwiBvuLY_sToAhUt7HMBHeG_DA0QFjAAegQIARAB&usg=AOvVaw001j5YaYvciNi_hHhs2pTF&cshid=1585667456265