The Ram Janmabhoomi temple in Ayodhya has been a topic of historical and religious significance in India for many years. Now, the Government of India is offering taxpayers the opportunity to contribute to the construction and renovation of the temple while also benefiting from tax deductions under Section 80G of the Income Tax Act, 1961. Established by the Government in February 2020, the Shri Ram Janmabhoomi Teerth Kshetra Trust is overseeing the development and maintenance of the temple, with 15 trustees at the helm.
The Central Government has declared Shri Ram Janmabhoomi Teerth Kshetra as a site of historical significance and public worship, making it eligible for tax relief under Section 80G (2) (b) of the Income Tax Act, 1961. Taxpayers can claim a deduction of 50 per cent of voluntary contributions made for the renovation or repair of the temple to the trust, subject to meeting other specified conditions. However, it is important to note that only individuals who opt for the old tax regime for their income tax return filing can avail of this deduction. Those who choose the new tax regime will not be eligible for this benefit.
The trust provides multiple online donation methods, including payment gateways, UPI/QR codes, NEFT, IMPS, demand drafts, and cheques. It is important to remember that cash donations exceeding Rs 2,000 are ineligible for deduction. Once a donation is made, a receipt will be issued either instantly for payment gateway transactions or after verification for other methods. The trust advises individuals to check their website approximately 15 days after their donation to download their receipt.
In response to the news, some individuals have voiced their support for the tax relief for contributions to the temple, emphasizing the cultural and religious importance of the Ram Janmabhoomi site. Others have expressed concern about the potential misuse of the tax relief and the impact it could have on government revenues. Despite the differing opinions, it is evident that the opportunity to contribute to the construction and renovation of the temple while saving on taxes has sparked widespread interest and debate among taxpayers.