Save on income tax by donating to Ram Mandir
What's the story
Taxpayers can benefit from income tax savings by donating to the Ram Mandir in Ayodhya, as the Central Government has designated "Shri Ram Janmabhoomi Teerth Kshetra" (PAN: AAZTS6197B) as a site of historical significance and public worship. Contributions to the temple qualify for deductions under Section 80G of the Income-tax Act, 1961. The official website of Shri Ram Janmabhoomi Teerth Kshetra provides various options and methods for making donations.
Details
Donation process and eligibility for tax deductions
To contribute, simply visit the official website of Shri Ram Janmabhoomi Teerth Kshetra and navigate to the donation section. After logging in with a Mobile OTP, donors are required to provide their information, such as name, purpose of donation, PAN Number, donation amount, address, mobile number, and email ID. The donation receipt is generated immediately and can be downloaded by the donor. Multiple donation methods are available, including payment gateways, UPI, NEFT, IMPS, demand draft, and cheque payments.
Section 80G
Deductions under Section 80G for donations to Shri Ram Trust
Donations to Shri Ram Trust qualify for deductions under Section 80G if they meet specific criteria. They must be designated for the renovation or repair of the temple, and donors should obtain a donation receipt. Donations over Rs. 2,000 must not be made in cash. Deductions can be claimed for up to 50% of the donated amount, subject to the qualifying limit.
Insights
Pre-filled deductions in ITR and qualifying limits
If the information isn't present in the ITR form, you should contact the organization to verify if it has filed Form 10BD within the due date. While some organizations have no qualifying restriction and allow for deductions of up to 50% or the entire amount, depending on the situation, others have a qualifying limit of 10% of adjusted gross total income. Accordingly, all contributions to the latter kind of institutes must not surpass 10% of the adjusted gross total revenue.
Bank details
Take note of these bank account details for contributions
State Bank of India A/C Name: Shri Ram Janmbhoomi Teerth Kshetra A/C No: 39161495808 IFSC Code: SBIN0002510 Branch: Naya Ghat, Ayodhya, UP UPI ID: shriramjanmbhoomi@sbi Bank of Baroda A/C Name: Shri Ram Janmbhoomi Teerth Kshetra A/C Number: 05820100021211 IFSC Code: BARB0AYODHY Branch: Naya Ghat, Ayodhya, UP UPI ID: shriramjanmbhoomi@bob Punjab National Bank A/C Name: Shri Ram Janmbhoomi Teerth Kshetra A/C number: 3865000100139999 IFSC Code: PUNB0386500 Branch: Naya Ghat, Ayodhya, UP
Foreign banks
Check here for foreign contributions
People living in foreign countries who wish to donate money to Ram Mandir should take note of the following bank account details: A/C Name: Shri Ram Janmbhoomi Teerth Kshetra A/C Number: 42162875158 IFSC Code: SBIN0000691 SWIFT Code: SBININBB104 Branch: New Delhi Main Branch, 4th floor, FCRA Cell 11, Sansad Marg, New Delhi- 110001
Verify
Verify donation links before making payments
First things first, be sure of the authenticity of any donation links sent to prevent fraud. According to a Moneycontrol investigation, at least 15 websites are making false claims, such as installing a tile in the Ram Mandir or obtaining an aarti permit. Despite allegations on certain social media accounts, passes for the aarti are granted three times a day, and it is free of charge.