Good news for sports enthusiasts and donors! From 1st April 2025, donations made to the National Sports Development Fund will be eligible for tax deductions under Section 80G. This amendment clarifies that contributions to this specific fund, established by the Central Government, can be claimed when calculating your total income for tax purposes. The change applies to the assessment year 2025-26 and all subsequent years.
Amendment of Section 80G
The provisions of sub-section (1) of section 80G provide that in computing the total income of an assessee, there shall be deducted, in accordance with and subject to the provisions of the section, the sums as specified in sub-section (2) of the same section.
2. The existing provision of sub-clause (iiihg) of clause (a) of sub-section (2) of Section 80G of the Act provides that in computing the total income of an assessee, there shall be deducted, in accordance with
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FAQ :
Section 80G has been amended to include donations to the National Sports Development Fund as eligible for tax deduction.
This amendment takes effect from the 1st day of April, 2025.
It will apply to assessment year 2025-26 and subsequent assessment years.
It is a fund set up by the Central Government to support sports development in the country.
No, the amendment allowing tax deductions for donations to the National Sports Development Fund is effective from 1st April 2025.