Deduction Under Section 80g News Today

Prakash Gupta, the office in-charge of the temple trust, reported that over the past 11 days, approximately Rs 8 crore were collected in cash donations, while the amount received through cheques and online transactions totaled around Rs 3.50 crore.

Individuals who have contributed to the Ayodhya Ram Mandir Trust or are considering donating can qualify for a deduction under Section 80G of the Income Tax Act, 1961, but this applies exclusively to those who choose the old tax regime.