The CBDT notified Notification No. 40/2024 dated April 21, 2024 ‘Shree Ramanuj Kot Laxmi Venkatesh Mandir’ for purposes of section 80G exemption of the Income Tax Act, 1961 (“the IT Act”). The Notification is valid solely for renovating or repairing the “Shree Ramanuj Kot Laxmi Venkatesh Mandir” up to Rs. 1,63,06,311/- or until March 31, 2029, whichever occurs first.
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 “Shree Ramanuj Kot Laxmi Venkatesh Mandir” managed by Shree Ramanuj Kot Trust, Indore, Madhya Pradesh (PAN: AAATR0970L) to be place of historic importance and a place of public worship of renown throughout the state of Madhya Pradesh for the purposes of the said section.
The Notification will be valid only for the renovation or repair of the “Shree Ramanuj Kot Laxmi Venkatesh Mandir” to the extent of Rs. 1,63,06,311/-(Rupees One Crore Sixty Three Lakhs Six Thousand Three Hundred and Eleven only) and will cease to be effective after the said amount has been collected or on March 31, 2029, whichever is earlier.
The Notification can be accessed at: https://a2z-bucket.s3.ap-south-1.amazonaws.com/CBDT_Notification_No._40-2024.pdf