Notification No. 24/2020 [F. No. 176/8/2017/ITA-I] / SO 1434(E)

Last updated: 12 May 2020

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The Central Government has officially notified Shri Ram Janmabhoomi Teerth Kshetra as a place of historic importance and public worship. This notification, issued under Section 80G(2)(b) of the Income-tax Act, 1961, allows donations made to this trust to be eligible for income tax deductions. This applies from the Financial Year 2020-2021, relevant for Assessment Year 2021-2022.

MINISTRY OF FINANCE

(Department of Revenue)

(CENTRAL BOARD OF DIRECT TAXES)

NOTIFICATION

New Delhi, the 8th May, 2020

INCOME-TAX

S.O. 1434(E).—In the exercise of the powers conferred by clause (b) of sub-section (2) of section 80G of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies “SHRI RAM JANMABHOOMI TEERTH KSHETRA” (PAN: AAZTS6197B) to be place of historic importance and a place of public worship of renown for the purposes of the said section from the year F.Y. 2020-2021, relevant to the Assessment Year 2021-2022.

[Notification No. 24/2020/F. No. 176/8/2017/ITA-I]

PRAJNA PARAMITA, Director

FAQ :

This notification designates Shri Ram Janmabhoomi Teerth Kshetra as a place of historic importance and public worship for the purposes of Section 80G of the Income-tax Act, 1961.

Donations made to Shri Ram Janmabhoomi Teerth Kshetra are now eligible for income tax deductions under Section 80G.

The tax benefits are applicable from the Financial Year 2020-2021, which is relevant for the Assessment Year 2021-2022.

The relevant section is clause (b) of sub-section (2) of section 80G of the Income-tax Act, 1961.

The PAN of Shri Ram Janmabhoomi Teerth Kshetra is AAZTS6197B.