Donate for a good cause, get tax benefit: Here is how to do that

Percentage of donated amount eligible for deduction may vary

If you have donated to the Ayodhya Ram Mandir Trust during the current financial year, you would be entitled to a tax deduction. The central government had recognised the Shri Ram Trust as eligible for Section 80G(2)(b) purposes from 2020–21.

The Income-Tax (I-T) Act of 1961 allows for tax deductions on donations made to a variety of notified charitable organisations and religious trusts (including mosques, gurudwaras and churches) under Section 80G. Says Rudra Srivastava, partner, Singhania & Partners LLP: “Sections 80G, 80GGA, 80GGB, and 80GGC of the I-T Act pertain to deductions linked to donations. An assessee can avail deductions